PPP Loan information for Sonotronic inc.

$344,130

Sonotronic inc. was initially approved for PPP Loan of amount $344,130, the current approved amount is $344,130. The loan was approved on 04/11/2021 by The First Merchants Bank reported 19 jobs and $344,130 was used to fund payroll.

Sonotronic inc. is Existing or more than 2 years old

PPP Loan Search / MI / Wixom / Sonotronic inc.

SONOTRONIC INC.

Date Approved

04/11/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SONOTRONIC INC.

Borrower Address

28025 Oakland Oaks Ct

Borrower City

Wixom

Borrower State

MI

Borrower Zip

48393-3342

Loan Status Date

11/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

344130.00

Current Approval Amount

344130.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Wixom

Project County Name

OAKLAND

Project State

MI

Project Zip

48393-3342

CD

MI-11

Jobs Reported

19

NAICS Code

333992

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

344129.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

345789.37

Forgiveness Date

10/06/2021

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