PPP Loan information for Material handling technology inc.

$387,100

Material handling technology inc. was initially approved for PPP Loan of amount $387,100, the current approved amount is $387,100. The loan was approved on 04/29/2020 by The Comerica Bank reported 45 jobs and $387,100 was used to fund payroll.

Material handling technology inc. is Existing or more than 2 years old

PPP Loan Search / MI / IRA / Material handling technology inc.

MATERIAL HANDLING TECHNOLOGY INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MATERIAL HANDLING TECHNOLOGY INC.

Borrower Address

9023 MARINE CITY HWY STE B

Borrower City

IRA

Borrower State

MI

Borrower Zip

48023-1225

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

387100.00

Current Approval Amount

387100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

IRA

Project County Name

SAINT CLAIR

Project State

MI

Project Zip

48023-1225

CD

MI-09

Jobs Reported

45

NAICS Code

332322

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

309692.00

Mortgage Interest Proceed

77408.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

392272.09

Forgiveness Date

08/26/2021

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