PPP Loan information for Powell fabrication and manufacturing llc

$590,000

Powell fabrication and manufacturing llc was initially approved for PPP Loan of amount $590,000, the current approved amount is $590,000. The loan was approved on 04/08/2020 by The Mercantile Bank reported 38 jobs and $590,000 was used to fund payroll.

Powell fabrication and manufacturing llc is Existing or more than 2 years old

PPP Loan Search / MI / SAINT LOUIS / Powell fabrication and manufacturing llc

POWELL FABRICATION AND MANUFACTURING LLC

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

POWELL FABRICATION AND MANUFACTURING LLC

Borrower Address

740 E. MONROE RD

Borrower City

SAINT LOUIS

Borrower State

MI

Borrower Zip

48880-9200

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

590000.00

Current Approval Amount

590000.00

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

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT LOUIS

Project County Name

GRATIOT

Project State

MI

Project Zip

48880-9200

CD

MI-04

Jobs Reported

38

NAICS Code

333249

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

8300.00

Payroll Proceed

488700.00

Mortgage Interest Proceed

0.00

Rent Proceed

42000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

51000.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

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

593362.19

Forgiveness Date

11/12/2020

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