PPP Loan information for Philips machine company

$282,955

Philips machine company was initially approved for PPP Loan of amount $282,955, the current approved amount is $282,955. The loan was approved on 04/15/2020 by The ChoiceOne Bank reported 21 jobs and $282,955 was used to fund payroll.

Philips machine company is Existing or more than 2 years old

PPP Loan Search / MI / COOPERSVILLE / Philips machine company

PHILIPS MACHINE COMPANY

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PHILIPS MACHINE COMPANY

Borrower Address

80 MASON DR

Borrower City

COOPERSVILLE

Borrower State

MI

Borrower Zip

49404-1354

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

282955.00

Current Approval Amount

282955.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COOPERSVILLE

Project County Name

OTTAWA

Project State

MI

Project Zip

49404-1354

CD

MI-02

Jobs Reported

21

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

282955.00

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

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

285009.33

Forgiveness Date

01/14/2021

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