PPP Loan information for Mac engineering and equipment company inc.

$529,200

Mac engineering and equipment company inc. was initially approved for PPP Loan of amount $529,200, the current approved amount is $529,200. The loan was approved on 03/04/2021 by The 1st Source Bank reported 40 jobs and $529,200 was used to fund payroll.

Mac engineering and equipment company inc. is Existing or more than 2 years old

PPP Loan Search / MI / Benton Harbor / Mac engineering and equipment company inc.

MAC ENGINEERING AND EQUIPMENT COMPANY INC.

Date Approved

03/04/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MAC ENGINEERING AND EQUIPMENT COMPANY INC.

Borrower Address

2775 Meadowbrook Rd

Borrower City

Benton Harbor

Borrower State

MI

Borrower Zip

49022-9609

Loan Status Date

10/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

529200.00

Current Approval Amount

529200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Benton Harbor

Project County Name

BERRIEN

Project State

MI

Project Zip

49022-9609

CD

MI-06

Jobs Reported

40

NAICS Code

333249

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

529198.00

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

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

532125.30

Forgiveness Date

09/27/2021

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