PPP Loan information for Stainless fabricating & engineering, inc.

$145,775

Stainless fabricating & engineering, inc. was initially approved for PPP Loan of amount $145,775, the current approved amount is $145,775. The loan was approved on 04/08/2020 by The Mercantile Bank reported 16 jobs and $145,775 was used to fund payroll.

Stainless fabricating & engineering, inc. is Existing or more than 2 years old

PPP Loan Search / MI / PORTAGE / Stainless fabricating & engineering, inc.

STAINLESS FABRICATING & ENGINEERING, INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

STAINLESS FABRICATING & ENGINEERING, INC.

Borrower Address

9718 PORTAGE RD

Borrower City

PORTAGE

Borrower State

MI

Borrower Zip

49002-7251

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

145775.00

Current Approval Amount

145775.00

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

PORTAGE

Project County Name

KALAMAZOO

Project State

MI

Project Zip

49002-7251

CD

MI-06

Jobs Reported

16

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10028.00

Payroll Proceed

120000.00

Mortgage Interest Proceed

0.00

Rent Proceed

15747.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

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

Veteran

Non Profit

Forgiveness Amount

146677.61

Forgiveness Date

11/27/2020

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