PPP Loan information for Midwest rubber company

$692,972

Midwest rubber company was initially approved for PPP Loan of amount $692,972, the current approved amount is $692,972. The loan was approved on 04/15/2020 by The Independent Bank reported 79 jobs and $692,972 was used to fund payroll.

Midwest rubber company is Existing or more than 2 years old

MIDWEST RUBBER COMPANY

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MIDWEST RUBBER COMPANY

Borrower Address

3525 RANGE LINE RD

Borrower City

DECKERVILLE

Borrower State

MI

Borrower Zip

48427-9420

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

692972.00

Current Approval Amount

692972.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DECKERVILLE

Project County Name

SANILAC

Project State

MI

Project Zip

48427-9420

CD

MI-09

Jobs Reported

79

NAICS Code

332439

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

692972.00

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

Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

700926.94

Forgiveness Date

06/17/2021

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