PPP Loan information for Preferred tool & die co., inc.

$337,500

Preferred tool & die co., inc. was initially approved for PPP Loan of amount $337,500, the current approved amount is $337,500. The loan was approved on 04/13/2020 by The United Bank of Michigan reported 24 jobs and $337,500 was used to fund payroll.

Preferred tool & die co., inc. is Existing or more than 2 years old

PPP Loan Search / MI / COMSTOCK PARK / Preferred tool & die co., inc.

PREFERRED TOOL & DIE CO., INC.

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PREFERRED TOOL & DIE CO., INC.

Borrower Address

5400 WEST RIVER DR

Borrower City

COMSTOCK PARK

Borrower State

MI

Borrower Zip

49321-8543

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

337500.00

Current Approval Amount

337500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36555

Servicing Lender Name

United Bank of Michigan

Servicing Lender Address

900 E Paris Ave SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49546-3676

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COMSTOCK PARK

Project County Name

KENT

Project State

MI

Project Zip

49321-8543

CD

MI-03

Jobs Reported

24

NAICS Code

333514

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

282500.00

Mortgage Interest Proceed

0.00

Rent Proceed

14000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

31000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36555

Originating Lender

United Bank of Michigan

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

340725.00

Forgiveness Date

03/31/2021

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