PPP Loan information for Plastic mold technology, inc.

$998,204

Plastic mold technology, inc. was initially approved for PPP Loan of amount $998,204, the current approved amount is $998,204. The loan was approved on 04/07/2020 by The Mercantile Bank reported 70 jobs and $998,204 was used to fund payroll.

Plastic mold technology, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Plastic mold technology, inc.

PLASTIC MOLD TECHNOLOGY, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PLASTIC MOLD TECHNOLOGY, INC.

Borrower Address

4201 BROADMOOR AVE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49512-3934

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

998204.00

Current Approval Amount

998204.00

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

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49512-3934

CD

MI-03

Jobs Reported

70

NAICS Code

333511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

70000.00

Payroll Proceed

616504.00

Mortgage Interest Proceed

0.00

Rent Proceed

87700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

114000.00

Debt Interest Proceed

110000

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1003755.66

Forgiveness Date

11/03/2020

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