PPP Loan information for Precision machining company

$207,000

Precision machining company was initially approved for PPP Loan of amount $207,000, the current approved amount is $207,000. The loan was approved on 04/06/2020 by The Independent Bank reported 16 jobs and $207,000 was used to fund payroll.

Precision machining company is Existing or more than 2 years old

PPP Loan Search / MI / NORTH BRANCH / Precision machining company

PRECISION MACHINING COMPANY

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PRECISION MACHINING COMPANY

Borrower Address

6637 BERNIE KOHLER DR

Borrower City

NORTH BRANCH

Borrower State

MI

Borrower Zip

48461-6112

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

207000.00

Current Approval Amount

207000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NORTH BRANCH

Project County Name

LAPEER

Project State

MI

Project Zip

48461-6112

CD

MI-09

Jobs Reported

16

NAICS Code

332439

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

207000.00

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

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

209001.95

Forgiveness Date

04/02/2021

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