PPP Loan information for Mectron engineering company inc.

$369,399

Mectron engineering company inc. was initially approved for PPP Loan of amount $369,399, the current approved amount is $369,399. The loan was approved on 01/20/2021 by The Bank of Ann Arbor reported 24 jobs and $369,399 was used to fund payroll.

Mectron engineering company inc. is Existing or more than 2 years old

PPP Loan Search / MI / Saline / Mectron engineering company inc.

MECTRON ENGINEERING COMPANY INC.

Date Approved

01/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MECTRON ENGINEERING COMPANY INC.

Borrower Address

400 S Industrial Dr

Borrower City

Saline

Borrower State

MI

Borrower Zip

48176-9497

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

369398.55

Current Approval Amount

369398.55

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119903

Servicing Lender Name

Bank of Ann Arbor

Servicing Lender Address

125 S Fifth Ave

Servicing Lender City

ANN ARBOR

Servicing Lender State

MI

Servicing Lender Zip

48104-1910

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Saline

Project County Name

WASHTENAW

Project State

MI

Project Zip

48176-9497

CD

MI-06

Jobs Reported

24

NAICS Code

541330

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

369395.55

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

119903

Originating Lender

Bank of Ann Arbor

Originating Lender City

ANN ARBOR

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

371311.33

Forgiveness Date

08/03/2021

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