PPP Loan information for Paramount tool company, inc.

$583,000

Paramount tool company, inc. was initially approved for PPP Loan of amount $583,000, the current approved amount is $583,000. The loan was approved on 04/07/2020 by The Macatawa Bank reported 33 jobs and $583,000 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

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PARAMOUNT TOOL COMPANY, INC.

Borrower Address

136 WEST 64TH ST

Borrower City

HOLLAND

Borrower State

MI

Borrower Zip

49423-9302

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

583000.00

Current Approval Amount

583000.00

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

33

NAICS Code

333318

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

583000.00

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

587887.62

Forgiveness Date

02/18/2021

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