PPP Loan information for Lube-power inc

$938,875

Lube-power inc was initially approved for PPP Loan of amount $938,875, the current approved amount is $938,875. The loan was approved on 01/28/2021 by The Mercantile Bank reported 43 jobs and $938,875 was used to fund payroll.

Lube-power inc is Existing or more than 2 years old

PPP Loan Search / MI / Shelby Township / Lube-power inc

LUBE-POWER INC

Date Approved

01/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

LUBE-POWER INC

Borrower Address

50146 Utica Dr

Borrower City

Shelby Township

Borrower State

MI

Borrower Zip

48315-3293

Loan Status Date

01/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

938875.00

Current Approval Amount

938875.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Shelby Township

Project County Name

MACOMB

Project State

MI

Project Zip

48315-3293

CD

MI-10

Jobs Reported

43

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

938872.00

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

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

946720.39

Forgiveness Date

12/01/2021

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