PPP Loan information for Alcona tool & machine, inc.

$228,600

Alcona tool & machine, inc. was initially approved for PPP Loan of amount $228,600, the current approved amount is $228,600. The loan was approved on 04/14/2020 by The Huron Community Bank reported 20 jobs and $228,600 was used to fund payroll.

Alcona tool & machine, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LINCOLN / Alcona tool & machine, inc.

ALCONA TOOL & MACHINE, INC.

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ALCONA TOOL & MACHINE, INC.

Borrower Address

3040 CARBIDE DRIVE

Borrower City

LINCOLN

Borrower State

MI

Borrower Zip

48742-0340

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

228600.00

Current Approval Amount

228600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34506

Servicing Lender Name

Huron Community Bank

Servicing Lender Address

301 Newman St

Servicing Lender City

EAST TAWAS

Servicing Lender State

MI

Servicing Lender Zip

48730-1213

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LINCOLN

Project County Name

ALCONA

Project State

MI

Project Zip

48742-0340

CD

MI-01

Jobs Reported

20

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9700.00

Payroll Proceed

203600.00

Mortgage Interest Proceed

9000.00

Rent Proceed

6300.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

34506

Originating Lender

Huron Community Bank

Originating Lender City

EAST TAWAS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

230016.05

Forgiveness Date

11/24/2020

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