PPP Loan information for Independent machine co. inc.

$281,508

Independent machine co. inc. was initially approved for PPP Loan of amount $281,508, the current approved amount is $281,508. The loan was approved on 04/07/2020 by The First Bank, Upper Michigan reported 32 jobs and $281,508 was used to fund payroll.

Independent machine co. inc. is Existing or more than 2 years old

PPP Loan Search / MI / ESCANABA / Independent machine co. inc.

INDEPENDENT MACHINE CO. INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

INDEPENDENT MACHINE CO. INC.

Borrower Address

2501 DANFORTH RD

Borrower City

ESCANABA

Borrower State

MI

Borrower Zip

49829-2566

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

281507.50

Current Approval Amount

281507.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34945

Servicing Lender Name

First Bank, Upper Michigan

Servicing Lender Address

1400 Delta Ave

Servicing Lender City

GLADSTONE

Servicing Lender State

MI

Servicing Lender Zip

49837-1318

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ESCANABA

Project County Name

DELTA

Project State

MI

Project Zip

49829-2566

CD

MI-01

Jobs Reported

32

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

281507.50

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

Limited Liability Company(LLC)

Originating Lender Location Id

34945

Originating Lender

First Bank, Upper Michigan

Originating Lender City

GLADSTONE

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

273002.65

Forgiveness Date

11/05/2020

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