PPP Loan information for Babcock clutch brake, inc.

$40,876

Babcock clutch brake, inc. was initially approved for PPP Loan of amount $40,876, the current approved amount is $40,876. The loan was approved on 04/27/2020 by The Independent Bank reported 3 jobs and $40,876 was used to fund payroll.

Babcock clutch brake, inc. is Existing or more than 2 years old

PPP Loan Search / MI / SPRINGPORT / Babcock clutch brake, inc.

BABCOCK CLUTCH BRAKE, INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BABCOCK CLUTCH BRAKE, INC.

Borrower Address

15005 EATON RAPIDS RD

Borrower City

SPRINGPORT

Borrower State

MI

Borrower Zip

49284-9768

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40875.50

Current Approval Amount

40875.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRINGPORT

Project County Name

JACKSON

Project State

MI

Project Zip

49284-9768

CD

MI-07

Jobs Reported

3

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

40875.50

Payroll Proceed

0.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

41131.95

Forgiveness Date

12/15/2020

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