PPP Loan information for Distinctive machine corporation

$496,700

Distinctive machine corporation was initially approved for PPP Loan of amount $496,700, the current approved amount is $496,700. The loan was approved on 04/05/2020 by The Lake Michigan CU reported 34 jobs and $496,700 was used to fund payroll.

Distinctive machine corporation is Existing or more than 2 years old

PPP Loan Search / MI / Rockford / Distinctive machine corporation

DISTINCTIVE MACHINE CORPORATION

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DISTINCTIVE MACHINE CORPORATION

Borrower Address

300 Byrne Industrial Drive Suite B

Borrower City

Rockford

Borrower State

MI

Borrower Zip

49341-1083

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

496700.00

Current Approval Amount

496700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98993

Servicing Lender Name

Lake Michigan CU

Servicing Lender Address

5540 Glenwood Hills Pkwy SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49512-2044

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rockford

Project County Name

KENT

Project State

MI

Project Zip

49341-1083

CD

MI-03

Jobs Reported

34

NAICS Code

333249

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

496700.00

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

98993

Originating Lender

Lake Michigan CU

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

500273.48

Forgiveness Date

12/30/2020

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