PPP Loan information for Maco tool & engineering inc.

$172,558

Maco tool & engineering inc. was initially approved for PPP Loan of amount $172,558, the current approved amount is $172,558. The loan was approved on 01/21/2021 by The Mercantile Bank reported 11 jobs and $172,558 was used to fund payroll.

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

PPP Loan Search / MI / Saint Johns / Maco tool & engineering inc.

MACO TOOL & ENGINEERING INC.

Date Approved

01/21/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MACO TOOL & ENGINEERING INC.

Borrower Address

210 Spring St

Borrower City

Saint Johns

Borrower State

MI

Borrower Zip

48879-1534

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

172557.50

Current Approval Amount

172557.50

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

11

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

172554.50

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

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

173663.76

Forgiveness Date

09/14/2021

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