PPP Loan information for Timber products of iron mountain, inc.

$627,000

Timber products of iron mountain, inc. was initially approved for PPP Loan of amount $627,000, the current approved amount is $627,000. The loan was approved on 04/06/2020 by The First National Bank & Trust Co reported 37 jobs and $627,000 was used to fund payroll.

Timber products of iron mountain, inc. is Existing or more than 2 years old

PPP Loan Search / MI / IRON MOUNTAIN / Timber products of iron mountain, inc.

TIMBER PRODUCTS OF IRON MOUNTAIN, INC.

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TIMBER PRODUCTS OF IRON MOUNTAIN, INC.

Borrower Address

611 Industrial Drive

Borrower City

IRON MOUNTAIN

Borrower State

MI

Borrower Zip

49801-1423

Loan Status Date

Loan Status

Exemption 4

Term

59

SBA Guaranty Percentage

100

Initial Approval Amount

627000.00

Current Approval Amount

627000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35372

Servicing Lender Name

First National Bank & Trust Co

Servicing Lender Address

233 S Stephenson Ave

Servicing Lender City

IRON MOUNTAIN

Servicing Lender State

MI

Servicing Lender Zip

49801-2921

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

IRON MOUNTAIN

Project County Name

DICKINSON

Project State

MI

Project Zip

49801-1423

CD

MI-01

Jobs Reported

37

NAICS Code

484121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

62700.00

Payroll Proceed

470250.00

Mortgage Interest Proceed

94050.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

35372

Originating Lender

First National Bank & Trust Co

Originating Lender City

IRON MOUNTAIN

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

211525.05

Forgiveness Date

03/09/2021

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