PPP Loan information for The challenge machinery company

$350,000

The challenge machinery company was initially approved for PPP Loan of amount $350,000, the current approved amount is $350,000. The loan was approved on 01/29/2021 by The Comerica Bank reported 29 jobs and $350,000 was used to fund payroll.

The challenge machinery company is Existing or more than 2 years old

PPP Loan Search / MI / Norton Shores / The challenge machinery company

THE CHALLENGE MACHINERY COMPANY

Date Approved

01/29/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

THE CHALLENGE MACHINERY COMPANY

Borrower Address

6125 Norton Center Dr

Borrower City

Norton Shores

Borrower State

MI

Borrower Zip

49441-6081

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

350000.00

Current Approval Amount

350000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Norton Shores

Project County Name

MUSKEGON

Project State

MI

Project Zip

49441-6081

CD

MI-02

Jobs Reported

29

NAICS Code

333244

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

350000.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

292234.96

Forgiveness Date

09/07/2021

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