PPP Loan information for Research tool corporation

$354,685

Research tool corporation was initially approved for PPP Loan of amount $354,685, the current approved amount is $354,685. The loan was approved on 04/08/2020 by The Mercantile Bank reported 22 jobs and $354,685 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

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RESEARCH TOOL CORPORATION

Borrower Address

1401 S Main St

Borrower City

OVID

Borrower State

MI

Borrower Zip

48866-9720

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

354685.00

Current Approval Amount

354685.00

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

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

22

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15472.00

Payroll Proceed

286127.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

46178.00

Debt Interest Proceed

6908

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

357755.70

Forgiveness Date

02/25/2021

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