PPP Loan information for Research tool corporation

$396,743

Research tool corporation was initially approved for PPP Loan of amount $396,743, the current approved amount is $396,743. The loan was approved on 01/22/2021 by The Mercantile Bank reported 20 jobs and $396,743 was used to fund payroll.

Research tool corporation is Existing or more than 2 years old

PPP Loan Search / MI / Ovid / Research tool corporation

RESEARCH TOOL CORPORATION

Date Approved

01/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

RESEARCH TOOL CORPORATION

Borrower Address

1401 S Main St

Borrower City

Ovid

Borrower State

MI

Borrower Zip

48866-9720

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

396742.50

Current Approval Amount

396742.50

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ovid

Project County Name

CLINTON

Project State

MI

Project Zip

48866-9720

CD

MI-07

Jobs Reported

20

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

396740.50

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

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

399340.35

Forgiveness Date

09/22/2021

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