PPP Loan information for Lomar machine & tool co.

$1,990,200

Lomar machine & tool co. was initially approved for PPP Loan of amount $1,990,200, the current approved amount is $1,990,200. The loan was approved on 04/06/2020 by The County National Bank reported 130 jobs and $1,990,200 was used to fund payroll.

Lomar machine & tool co. is Existing or more than 2 years old

PPP Loan Search / MI / HORTON / Lomar machine & tool co.

LOMAR MACHINE & TOOL CO.

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LOMAR MACHINE & TOOL CO.

Borrower Address

13 Main Street

Borrower City

HORTON

Borrower State

MI

Borrower Zip

49246-0128

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1990200.00

Current Approval Amount

1990200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35318

Servicing Lender Name

County National Bank

Servicing Lender Address

One S Howell St

Servicing Lender City

HILLSDALE

Servicing Lender State

MI

Servicing Lender Zip

49242-1811

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HORTON

Project County Name

JACKSON

Project State

MI

Project Zip

49246-0128

CD

MI-05

Jobs Reported

130

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

99510.00

Payroll Proceed

1592160.00

Mortgage Interest Proceed

298530.00

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

35318

Originating Lender

County National Bank

Originating Lender City

HILLSDALE

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2009438.60

Forgiveness Date

03/31/2021

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