PPP Loan information for Production machining of alma inc

$162,100

Production machining of alma inc was initially approved for PPP Loan of amount $162,100, the current approved amount is $162,100. The loan was approved on 04/13/2020 by The Commercial Bank reported 14 jobs and $162,100 was used to fund payroll.

Production machining of alma inc is Existing or more than 2 years old

PPP Loan Search / MI / ALMA / Production machining of alma inc

PRODUCTION MACHINING OF ALMA INC

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PRODUCTION MACHINING OF ALMA INC

Borrower Address

6595 N JEROME RD

Borrower City

ALMA

Borrower State

MI

Borrower Zip

48801-9706

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

162100.00

Current Approval Amount

162100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33538

Servicing Lender Name

Commercial Bank

Servicing Lender Address

301 N State St

Servicing Lender City

ALMA

Servicing Lender State

MI

Servicing Lender Zip

48801-1634

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALMA

Project County Name

GRATIOT

Project State

MI

Project Zip

48801-9706

CD

MI-02

Jobs Reported

14

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

14000.00

Payroll Proceed

130000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

17000.00

Debt Interest Proceed

1100

Business Type

Corporation

Originating Lender Location Id

33538

Originating Lender

Commercial Bank

Originating Lender City

ALMA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

163352.39

Forgiveness Date

02/01/2021

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