PPP Loan information for Powder cote ii inc

$1,771,890

Powder cote ii inc was initially approved for PPP Loan of amount $1,771,890, the current approved amount is $1,771,890. The loan was approved on 04/27/2020 by The Mercantile Bank reported 201 jobs and $1,771,890 was used to fund payroll.

Powder cote ii inc is Existing or more than 2 years old

PPP Loan Search / MI / MOUNT CLEMENS / Powder cote ii inc

POWDER COTE II INC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

POWDER COTE II INC

Borrower Address

50 North ROSE ST

Borrower City

MOUNT CLEMENS

Borrower State

MI

Borrower Zip

48043-5405

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1771890.00

Current Approval Amount

1771890.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MOUNT CLEMENS

Project County Name

MACOMB

Project State

MI

Project Zip

48043-5405

CD

MI-10

Jobs Reported

201

NAICS Code

332812

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

88574.00

Payroll Proceed

1417512.00

Mortgage Interest Proceed

0.00

Rent Proceed

265804.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1789997.26

Forgiveness Date

05/10/2021

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