PPP Loan information for Machinery and equipment exchange, incorporated

$302,795

Machinery and equipment exchange, incorporated was initially approved for PPP Loan of amount $302,795, the current approved amount is $302,795. The loan was approved on 04/16/2020 by The Bank of Ann Arbor reported 18 jobs and $302,795 was used to fund payroll.

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

PPP Loan Search / MI / NOVI / Machinery and equipment exchange, incorporated

MACHINERY AND EQUIPMENT EXCHANGE, INCORPORATED

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MACHINERY AND EQUIPMENT EXCHANGE, INCORPORATED

Borrower Address

25180 SEELEY RD

Borrower City

NOVI

Borrower State

MI

Borrower Zip

48375-2044

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

302795.00

Current Approval Amount

302795.00

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

18

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

302795.00

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

305283.73

Forgiveness Date

02/18/2021

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