PPP Loan information for Mclachlan drilling company

$200,717

Mclachlan drilling company was initially approved for PPP Loan of amount $200,717, the current approved amount is $200,717. The loan was approved on 02/11/2021 by The Isabella Bank reported 17 jobs and $200,717 was used to fund payroll.

Mclachlan drilling company is Existing or more than 2 years old

PPP Loan Search / MI / Evart / Mclachlan drilling company

MCLACHLAN DRILLING COMPANY

Date Approved

02/11/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MCLACHLAN DRILLING COMPANY

Borrower Address

815 W 7th St

Borrower City

Evart

Borrower State

MI

Borrower Zip

49631-9401

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

200717.00

Current Approval Amount

200717.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36147

Servicing Lender Name

Isabella Bank

Servicing Lender Address

139 E Broadway

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

MI

Servicing Lender Zip

48858-2312

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Evart

Project County Name

OSCEOLA

Project State

MI

Project Zip

49631-9401

CD

MI-02

Jobs Reported

17

NAICS Code

213112

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

200714.00

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

36147

Originating Lender

Isabella Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

21258.50

Forgiveness Date

06/23/2022

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