PPP Loan information for Sonotronic, inc.

$377,100

Sonotronic, inc. was initially approved for PPP Loan of amount $377,100, the current approved amount is $377,100. The loan was approved on 05/11/2020 by The First Merchants Bank reported 20 jobs and $377,100 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

05/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SONOTRONIC, INC.

Borrower Address

28025 Oakland Oaks Ct.

Borrower City

WIXOM

Borrower State

MI

Borrower Zip

48393-1165

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

377100.00

Current Approval Amount

377100.00

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

48393-1165

CD

MI-11

Jobs Reported

20

NAICS Code

333992

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

377100.00

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

378897.68

Forgiveness Date

11/03/2020

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