PPP Loan information for Models and tools, inc

$3,283,300

Models and tools, inc was initially approved for PPP Loan of amount $3,283,300, the current approved amount is $3,283,300. The loan was approved on 04/16/2020 by The First Merchants Bank reported 171 jobs and $3,283,300 was used to fund payroll.

Models and tools, inc is Existing or more than 2 years old

PPP Loan Search / MI / Shelby Township / Models and tools, inc

MODELS AND TOOLS, INC

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MODELS AND TOOLS, INC

Borrower Address

51400 Bellestri Ct.

Borrower City

Shelby Township

Borrower State

MI

Borrower Zip

48315-2749

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3283300.00

Current Approval Amount

3283300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Shelby Township

Project County Name

MACOMB

Project State

MI

Project Zip

48315-2749

CD

MI-10

Jobs Reported

171

NAICS Code

335991

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3283300.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3320001.00

Forgiveness Date

06/02/2021

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