PPP Loan information for Precision torque control,inc

$245,400

Precision torque control,inc was initially approved for PPP Loan of amount $245,400, the current approved amount is $245,400. The loan was approved on 04/28/2020 by The 1st State Bank reported 14 jobs and $245,400 was used to fund payroll.

Precision torque control,inc is Existing or more than 2 years old

PPP Loan Search / MI / MIDLAND / Precision torque control,inc

PRECISION TORQUE CONTROL,INC

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PRECISION TORQUE CONTROL,INC

Borrower Address

220 ARROW CV

Borrower City

MIDLAND

Borrower State

MI

Borrower Zip

48642-6950

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

245400.00

Current Approval Amount

245400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378002

Servicing Lender Name

1st State Bank

Servicing Lender Address

4800 Fashion Square Blvd, Ste 100

Servicing Lender City

SAGINAW

Servicing Lender State

MI

Servicing Lender Zip

48604-2619

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MIDLAND

Project County Name

MIDLAND

Project State

MI

Project Zip

48642-6950

CD

MI-04

Jobs Reported

14

NAICS Code

336350

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

196300.00

Mortgage Interest Proceed

0.00

Rent Proceed

36500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

12600.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

378002

Originating Lender

1st State Bank

Originating Lender City

SAGINAW

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

246674.72

Forgiveness Date

11/12/2020

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