PPP Loan information for Mclouth welding inc

$88,870

Mclouth welding inc was initially approved for PPP Loan of amount $88,870, the current approved amount is $88,870. The loan was approved on 04/11/2020 by The Honor Bank reported 6 jobs and $88,870 was used to fund payroll.

Mclouth welding inc is Existing or more than 2 years old

PPP Loan Search / MI / BEAR LAKE / Mclouth welding inc

MCLOUTH WELDING INC

Date Approved

04/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MCLOUTH WELDING INC

Borrower Address

18368 PLEASANTON HWY

Borrower City

BEAR LAKE

Borrower State

MI

Borrower Zip

49614-9686

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

88870.00

Current Approval Amount

88870.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35331

Servicing Lender Name

Honor Bank

Servicing Lender Address

2254 Henry St

Servicing Lender City

HONOR

Servicing Lender State

MI

Servicing Lender Zip

49640-9407

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BEAR LAKE

Project County Name

MANISTEE

Project State

MI

Project Zip

49614-9686

CD

MI-01

Jobs Reported

6

NAICS Code

238190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2500.00

Payroll Proceed

78870.00

Mortgage Interest Proceed

0.00

Rent Proceed

7500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

35331

Originating Lender

Honor Bank

Originating Lender City

HONOR

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

89684.64

Forgiveness Date

03/10/2021

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