PPP Loan information for Future tool and machine, inc.

$563,200

Future tool and machine, inc. was initially approved for PPP Loan of amount $563,200, the current approved amount is $563,200. The loan was approved on 04/16/2020 by The First Merchants Bank reported 34 jobs and $563,200 was used to fund payroll.

Future tool and machine, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Romulus / Future tool and machine, inc.

FUTURE TOOL AND MACHINE, INC.

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FUTURE TOOL AND MACHINE, INC.

Borrower Address

28900 Goddard

Borrower City

Romulus

Borrower State

MI

Borrower Zip

48174-2700

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

563200.00

Current Approval Amount

563200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Romulus

Project County Name

WAYNE

Project State

MI

Project Zip

48174-2700

CD

MI-13

Jobs Reported

34

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

563200.00

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

Subchapter S Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

566718.07

Forgiveness Date

12/08/2020

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