PPP Loan information for Stearns drilling company

$393,774

Stearns drilling company was initially approved for PPP Loan of amount $393,774, the current approved amount is $393,774. The loan was approved on 02/08/2021 by The Union Bank reported 25 jobs and $393,774 was used to fund payroll.

Stearns drilling company is Existing or more than 2 years old

PPP Loan Search / MI / Caledonia / Stearns drilling company

STEARNS DRILLING COMPANY

Date Approved

02/08/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

STEARNS DRILLING COMPANY

Borrower Address

6974 Hammond Ave SE

Borrower City

Caledonia

Borrower State

MI

Borrower Zip

49316-8351

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

393774.00

Current Approval Amount

393774.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35975

Servicing Lender Name

Union Bank

Servicing Lender Address

933 4th Ave

Servicing Lender City

LAKE ODESSA

Servicing Lender State

MI

Servicing Lender Zip

48849-1020

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Caledonia

Project County Name

KENT

Project State

MI

Project Zip

49316-8351

CD

MI-03

Jobs Reported

25

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

393773.00

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

Corporation

Originating Lender Location Id

35975

Originating Lender

Union Bank

Originating Lender City

LAKE ODESSA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

396650.74

Forgiveness Date

11/02/2021

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