PPP Loan information for Schap specialty machine inc.

$196,840

Schap specialty machine inc. was initially approved for PPP Loan of amount $196,840, the current approved amount is $196,840. The loan was approved on 02/19/2021 by The Fifth Third Bank reported 16 jobs and $196,840 was used to fund payroll.

Schap specialty machine inc. is Existing or more than 2 years old

PPP Loan Search / MI / Spring Lake / Schap specialty machine inc.

SCHAP SPECIALTY MACHINE INC.

Date Approved

02/19/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SCHAP SPECIALTY MACHINE INC.

Borrower Address

17309 Taft Rd

Borrower City

Spring Lake

Borrower State

MI

Borrower Zip

49456-8808

Loan Status Date

10/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

196840.00

Current Approval Amount

196840.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Spring Lake

Project County Name

OTTAWA

Project State

MI

Project Zip

49456-8808

CD

MI-02

Jobs Reported

16

NAICS Code

333318

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

196840.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

197993.70

Forgiveness Date

09/27/2021

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