PPP Loan information for Teachout's industrial contracting, inc.

$394,402

Teachout's industrial contracting, inc. was initially approved for PPP Loan of amount $394,402, the current approved amount is $394,402. The loan was approved on 07/20/2020 by The Honor Bank reported 24 jobs and $394,402 was used to fund payroll.

Teachout's industrial contracting, inc. is Existing or more than 2 years old

PPP Loan Search / MI / BEAR LAKE / Teachout's industrial contracting, inc.

TEACHOUT'S INDUSTRIAL CONTRACTING, INC.

Date Approved

07/20/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TEACHOUT'S INDUSTRIAL CONTRACTING, INC.

Borrower Address

9572 CHIPPEWA HWY

Borrower City

BEAR LAKE

Borrower State

MI

Borrower Zip

49614-9405

Loan Status Date

01/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

394402.00

Current Approval Amount

394402.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35331

Servicing Lender Name

Honor Bank

Servicing Lender Address

2254 Henry St

Servicing Lender City

HONOR

Servicing Lender State

MI

Servicing Lender Zip

49640-9407

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BEAR LAKE

Project County Name

MANISTEE

Project State

MI

Project Zip

49614-9405

CD

MI-01

Jobs Reported

24

NAICS Code

236220

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

3000.00

Payroll Proceed

387402.00

Mortgage Interest Proceed

0.00

Rent Proceed

4000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

35331

Originating Lender

Honor Bank

Originating Lender City

HONOR

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

399846.94

Forgiveness Date

12/01/2021

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