PPP Loan information for Oilpatch machine tool inc.

$55,625

Oilpatch machine tool inc. was initially approved for PPP Loan of amount $55,625, the current approved amount is $55,625. The loan was approved on 01/27/2021 by The Mercantile Bank reported 5 jobs and $55,625 was used to fund payroll.

Oilpatch machine tool inc. is Existing or more than 2 years old

PPP Loan Search / MI / Mt Pleasant / Oilpatch machine tool inc.

OILPATCH MACHINE TOOL INC.

Date Approved

01/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

OILPATCH MACHINE TOOL INC.

Borrower Address

6773 E Pickard Rd

Borrower City

Mt Pleasant

Borrower State

MI

Borrower Zip

48858-8907

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

55625.00

Current Approval Amount

55625.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mt Pleasant

Project County Name

ISABELLA

Project State

MI

Project Zip

48858-8907

CD

MI-02

Jobs Reported

5

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

55622.00

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

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

55833.78

Forgiveness Date

06/15/2021

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