PPP Loan information for Michael's machine company, inc. & abel holdings, inc.

$174,900

Michael's machine company, inc. & abel holdings, inc. was initially approved for PPP Loan of amount $174,900, the current approved amount is $174,900. The loan was approved on 04/06/2020 by The Ergo Bank reported 21 jobs and $174,900 was used to fund payroll.

Michael's machine company, inc. & abel holdings, inc. is Existing or more than 2 years old

PPP Loan Search / WI / RACINE / Michael's machine company, inc. & abel holdings, inc.

MICHAEL'S MACHINE COMPANY, INC. & ABEL HOLDINGS, INC.

Date Approved

04/06/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

MICHAEL'S MACHINE COMPANY, INC. & ABEL HOLDINGS, INC.

Borrower Address

4442 DOUGLAS AVE

Borrower City

RACINE

Borrower State

WI

Borrower Zip

53402-2797

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

174900.00

Current Approval Amount

174900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76269

Servicing Lender Name

Ergo Bank

Servicing Lender Address

86 E Water St

Servicing Lender City

MARKESAN

Servicing Lender State

WI

Servicing Lender Zip

53946

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RACINE

Project County Name

RACINE

Project State

WI

Project Zip

53402-2797

CD

WI-01

Jobs Reported

21

NAICS Code

551112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9500.00

Payroll Proceed

143600.00

Mortgage Interest Proceed

7100.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

14700.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

76269

Originating Lender

Ergo Bank

Originating Lender City

MARKESAN

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

176514.83

Forgiveness Date

03/18/2021

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