PPP Loan information for Optec, incorporated

$96,375

Optec, incorporated was initially approved for PPP Loan of amount $96,375, the current approved amount is $96,375. The loan was approved on 08/05/2020 by The Mercantile Bank reported 8 jobs and $96,375 was used to fund payroll.

Optec, incorporated is Existing or more than 2 years old

PPP Loan Search / MI / LOWELL / Optec, incorporated

OPTEC, INCORPORATED

Date Approved

08/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

OPTEC, INCORPORATED

Borrower Address

199 SMITH ST

Borrower City

LOWELL

Borrower State

MI

Borrower Zip

49331-1374

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

96375.00

Current Approval Amount

96375.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LOWELL

Project County Name

KENT

Project State

MI

Project Zip

49331-1374

CD

MI-03

Jobs Reported

8

NAICS Code

335929

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6000.00

Payroll Proceed

62375.00

Mortgage Interest Proceed

0.00

Rent Proceed

12000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

16000.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

97370.43

Forgiveness Date

08/19/2021

;