PPP Loan information for Machinery and equipment exchange incor

$292,405

Machinery and equipment exchange incor was initially approved for PPP Loan of amount $292,405, the current approved amount is $292,405. The loan was approved on 02/09/2021 by The Bank of Ann Arbor reported 14 jobs and $292,405 was used to fund payroll.

Machinery and equipment exchange incor is Existing or more than 2 years old

PPP Loan Search / MI / Novi / Machinery and equipment exchange incor

MACHINERY AND EQUIPMENT EXCHANGE INCOR

Date Approved

02/09/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MACHINERY AND EQUIPMENT EXCHANGE INCOR

Borrower Address

25180 Seeley Rd

Borrower City

Novi

Borrower State

MI

Borrower Zip

48375-2044

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

292405.00

Current Approval Amount

292405.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119903

Servicing Lender Name

Bank of Ann Arbor

Servicing Lender Address

125 S Fifth Ave

Servicing Lender City

ANN ARBOR

Servicing Lender State

MI

Servicing Lender Zip

48104-1910

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Novi

Project County Name

OAKLAND

Project State

MI

Project Zip

48375-2044

CD

MI-06

Jobs Reported

14

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

292399.00

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

119903

Originating Lender

Bank of Ann Arbor

Originating Lender City

ANN ARBOR

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

293462.46

Forgiveness Date

06/23/2021

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