PPP Loan information for Maco tool and engineering inc

$172,557

Maco tool and engineering inc was initially approved for PPP Loan of amount $172,557, the current approved amount is $172,557. The loan was approved on 04/27/2020 by The Mercantile Bank reported 12 jobs and $172,557 was used to fund payroll.

Maco tool and engineering inc is Existing or more than 2 years old

PPP Loan Search / MI / SAINT JOHNS / Maco tool and engineering inc

MACO TOOL AND ENGINEERING INC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MACO TOOL AND ENGINEERING INC

Borrower Address

210 N SPRING ST

Borrower City

SAINT JOHNS

Borrower State

MI

Borrower Zip

48879-1534

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

172557.00

Current Approval Amount

172557.00

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

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAINT JOHNS

Project County Name

CLINTON

Project State

MI

Project Zip

48879-1534

CD

MI-04

Jobs Reported

12

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

17192.00

Payroll Proceed

139189.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

16176.00

Debt Interest Proceed

0

Business Type

Employee Stock Ownership Plan(ESOP)

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

173445.79

Forgiveness Date

11/03/2020

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