Date Approved
04/15/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
MECTRON ENGINEERING COMPANY, INC.
Borrower Address
400 INDUSTRIAL DR
Borrower City
SALINE
Borrower State
MI
Borrower Zip
48176-9497
Loan Status Date
05/07/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
369398.00
Current Approval Amount
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
Servicing Lender Zip
48104-1910
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
WASHTENAW
Project State
Project Zip
CD
MI-06
Jobs Reported
NAICS Code
541330
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
372869.33
Forgiveness Date
04/01/2021