PPP Loan information for Sparec, inc.

$283,364

Sparec, inc. was initially approved for PPP Loan of amount $283,364, the current approved amount is $283,364. The loan was approved on 01/16/2021 by The West Shore Bank reported 25 jobs and $283,364 was used to fund payroll.

Sparec, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Ludington / Sparec, inc.

SPAREC, INC.

Date Approved

01/16/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SPAREC, INC.

Borrower Address

1105 Conrad Industrial Dr

Borrower City

Ludington

Borrower State

MI

Borrower Zip

49431-2680

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

283364.27

Current Approval Amount

283364.27

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36467

Servicing Lender Name

West Shore Bank

Servicing Lender Address

201 W Loomis St

Servicing Lender City

LUDINGTON

Servicing Lender State

MI

Servicing Lender Zip

49431-2012

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Ludington

Project County Name

MASON

Project State

MI

Project Zip

49431-2680

CD

MI-02

Jobs Reported

25

NAICS Code

484121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

283358.27

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

36467

Originating Lender

West Shore Bank

Originating Lender City

LUDINGTON

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

284592.18

Forgiveness Date

07/02/2021

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