PPP Loan information for Mac engineering & equipment company, inc

$400,000

Mac engineering & equipment company, inc was initially approved for PPP Loan of amount $400,000, the current approved amount is $400,000. The loan was approved on 04/07/2020 by The 1st Source Bank reported 45 jobs and $400,000 was used to fund payroll.

Mac engineering & equipment company, inc is Existing or more than 2 years old

PPP Loan Search / MI / BENTON HARBOR / Mac engineering & equipment company, inc

MAC ENGINEERING & EQUIPMENT COMPANY, INC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MAC ENGINEERING & EQUIPMENT COMPANY, INC

Borrower Address

2775 Meadowbrook Road

Borrower City

BENTON HARBOR

Borrower State

MI

Borrower Zip

49022-9609

Loan Status Date

06/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

400000.00

Current Approval Amount

400000.00

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

N

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

45

NAICS Code

333249

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

400000.00

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

404466.67

Forgiveness Date

05/21/2021

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