PPP Loan information for Ottomatic, inc.

$46,418

Ottomatic, inc. was initially approved for PPP Loan of amount $46,418, the current approved amount is $46,418. The loan was approved on 04/29/2020 by The United Bank of Michigan reported 13 jobs and $46,418 was used to fund payroll.

Ottomatic, inc. is Existing or more than 2 years old

PPP Loan Search / MI / WAYLAND / Ottomatic, inc.

OTTOMATIC, INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

OTTOMATIC, INC.

Borrower Address

104 S MAIN ST

Borrower City

WAYLAND

Borrower State

MI

Borrower Zip

49348-1712

Loan Status Date

09/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

46417.50

Current Approval Amount

46417.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36555

Servicing Lender Name

United Bank of Michigan

Servicing Lender Address

900 E Paris Ave SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49546-3676

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAYLAND

Project County Name

ALLEGAN

Project State

MI

Project Zip

49348-1712

CD

MI-03

Jobs Reported

13

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3196.00

Payroll Proceed

35112.50

Mortgage Interest Proceed

0.00

Rent Proceed

7800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

309.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36555

Originating Lender

United Bank of Michigan

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

47020.42

Forgiveness Date

08/19/2021

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