PPP Loan information for Marchetti distributing company, inc.

$323,229

Marchetti distributing company, inc. was initially approved for PPP Loan of amount $323,229, the current approved amount is $323,229. The loan was approved on 04/10/2020 by The The State Savings Bank of Manistique reported 32 jobs and $323,229 was used to fund payroll.

Marchetti distributing company, inc. is Existing or more than 2 years old

PPP Loan Search / MI / SAULT SAINTE MARIE / Marchetti distributing company, inc.

MARCHETTI DISTRIBUTING COMPANY, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MARCHETTI DISTRIBUTING COMPANY, INC.

Borrower Address

700 EMELINE ST

Borrower City

SAULT SAINTE MARIE

Borrower State

MI

Borrower Zip

49783-1551

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

323229.00

Current Approval Amount

323229.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36041

Servicing Lender Name

The State Savings Bank of Manistique

Servicing Lender Address

101 S Cedar St

Servicing Lender City

MANISTIQUE

Servicing Lender State

MI

Servicing Lender Zip

49854-1437

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAULT SAINTE MARIE

Project County Name

CHIPPEWA

Project State

MI

Project Zip

49783-1551

CD

MI-01

Jobs Reported

32

NAICS Code

424820

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

323229.00

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

Subchapter S Corporation

Originating Lender Location Id

36041

Originating Lender

The State Savings Bank of Manistique

Originating Lender City

MANISTIQUE

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

325743.00

Forgiveness Date

01/25/2021

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