PPP Loan information for Paramount tool company inc.

$581,600

Paramount tool company inc. was initially approved for PPP Loan of amount $581,600, the current approved amount is $581,600. The loan was approved on 02/02/2021 by The Macatawa Bank reported 34 jobs and $581,600 was used to fund payroll.

Paramount tool company inc. is Existing or more than 2 years old

PPP Loan Search / MI / Holland / Paramount tool company inc.

PARAMOUNT TOOL COMPANY INC.

Date Approved

02/02/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

PARAMOUNT TOOL COMPANY INC.

Borrower Address

136 W 64th St

Borrower City

Holland

Borrower State

MI

Borrower Zip

49423-9302

Loan Status Date

03/02/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

581600.00

Current Approval Amount

581600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Holland

Project County Name

ALLEGAN

Project State

MI

Project Zip

49423-9302

CD

MI-02

Jobs Reported

34

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

581597.00

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

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

588738.54

Forgiveness Date

05/09/2022

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