PPP Loan information for Process engineering & equipment company

$580,123

Process engineering & equipment company was initially approved for PPP Loan of amount $580,123, the current approved amount is $580,123. The loan was approved on 04/10/2020 by The Mercantile Bank reported 38 jobs and $580,123 was used to fund payroll.

Process engineering & equipment company is Existing or more than 2 years old

PPP Loan Search / MI / COMSTOCK PARK / Process engineering & equipment company

PROCESS ENGINEERING & EQUIPMENT COMPANY

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PROCESS ENGINEERING & EQUIPMENT COMPANY

Borrower Address

571 6 MILE RD NW

Borrower City

COMSTOCK PARK

Borrower State

MI

Borrower Zip

49321-9594

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

580123.00

Current Approval Amount

580123.00

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

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

49321-9594

CD

MI-03

Jobs Reported

38

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

28825.66

Payroll Proceed

232049.55

Mortgage Interest Proceed

0.00

Rent Proceed

100000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

219247.79

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

583540.16

Forgiveness Date

11/17/2020

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