PPP Loan information for Innovative tool inc.

$449,400

Innovative tool inc. was initially approved for PPP Loan of amount $449,400, the current approved amount is $449,400. The loan was approved on 01/23/2021 by The The Huntington National Bank reported 28 jobs and $449,400 was used to fund payroll.

Innovative tool inc. is Existing or more than 2 years old

PPP Loan Search / MI / Chesterfield / Innovative tool inc.

INNOVATIVE TOOL INC.

Date Approved

01/23/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

INNOVATIVE TOOL INC.

Borrower Address

28195 Kehrig St

Borrower City

Chesterfield

Borrower State

MI

Borrower Zip

48047-5218

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

449400.00

Current Approval Amount

449400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Chesterfield

Project County Name

MACOMB

Project State

MI

Project Zip

48047-5218

CD

MI-09

Jobs Reported

28

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

449398.00

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

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

451702.41

Forgiveness Date

08/04/2021

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