PPP Loan information for Spencer plastics, inc.

$386,504

Spencer plastics, inc. was initially approved for PPP Loan of amount $386,504, the current approved amount is $386,504. The loan was approved on 04/09/2020 by The Mercantile Bank reported 37 jobs and $386,504 was used to fund payroll.

Spencer plastics, inc. is New Business or 2 years or less

PPP Loan Search / MI / CADILLAC / Spencer plastics, inc.

SPENCER PLASTICS, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SPENCER PLASTICS, INC.

Borrower Address

2300 GARY E SCHWACH ST

Borrower City

CADILLAC

Borrower State

MI

Borrower Zip

49601-8309

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

386504.37

Current Approval Amount

386504.37

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

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

CADILLAC

Project County Name

WEXFORD

Project State

MI

Project Zip

49601-8309

CD

MI-04

Jobs Reported

37

NAICS Code

326199

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

16850.57

Payroll Proceed

306653.80

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

40000.00

Debt Interest Proceed

23000

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

389744.65

Forgiveness Date

02/17/2021

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