PPP Loan information for Specialty tooling systems

$1,322,452

Specialty tooling systems was initially approved for PPP Loan of amount $1,322,452, the current approved amount is $1,322,452. The loan was approved on 04/08/2020 by The Mercantile Bank reported 82 jobs and $1,322,452 was used to fund payroll.

Specialty tooling systems is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Specialty tooling systems

SPECIALTY TOOLING SYSTEMS

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SPECIALTY TOOLING SYSTEMS

Borrower Address

4315 3 MILE RD NW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49534-1136

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1322452.00

Current Approval Amount

1322452.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49534-1136

CD

MI-02

Jobs Reported

82

NAICS Code

333249

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

18862.00

Payroll Proceed

922376.00

Mortgage Interest Proceed

0.00

Rent Proceed

175210.00

Refinance EIDL Proceed

0.00

Health Care Proceed

135587.00

Debt Interest Proceed

70417

Business Type

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

1339661.99

Forgiveness Date

08/04/2021

;