PPP Loan information for Industrial machine products, inc.

$541,300

Industrial machine products, inc. was initially approved for PPP Loan of amount $541,300, the current approved amount is $541,300. The loan was approved on 04/29/2020 by The Comerica Bank reported 58 jobs and $541,300 was used to fund payroll.

Industrial machine products, inc. is Existing or more than 2 years old

PPP Loan Search / MI / OXFORD / Industrial machine products, inc.

INDUSTRIAL MACHINE PRODUCTS, INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

INDUSTRIAL MACHINE PRODUCTS, INC.

Borrower Address

32 LOUCK ST

Borrower City

OXFORD

Borrower State

MI

Borrower Zip

48371-4637

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

541300.00

Current Approval Amount

541300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OXFORD

Project County Name

OAKLAND

Project State

MI

Project Zip

48371-4637

CD

MI-09

Jobs Reported

58

NAICS Code

331221

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

433116.00

Mortgage Interest Proceed

108184.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

546743.07

Forgiveness Date

05/06/2021

;