PPP Loan information for Spec tool company inc

$788,600

Spec tool company inc was initially approved for PPP Loan of amount $788,600, the current approved amount is $788,600. The loan was approved on 01/20/2021 by The Mercantile Bank reported 58 jobs and $788,600 was used to fund payroll.

Spec tool company inc is Existing or more than 2 years old

PPP Loan Search / MI / Sparta / Spec tool company inc

SPEC TOOL COMPANY INC

Date Approved

01/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SPEC TOOL COMPANY INC

Borrower Address

389 E Division St

Borrower City

Sparta

Borrower State

MI

Borrower Zip

49345-1334

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

788600.00

Current Approval Amount

788600.00

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

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Sparta

Project County Name

KENT

Project State

MI

Project Zip

49345-1334

CD

MI-03

Jobs Reported

58

NAICS Code

333515

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

788596.00

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

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

791711.19

Forgiveness Date

06/15/2021

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