PPP Loan information for Valley gear & machine inc.

$155,777

Valley gear & machine inc. was initially approved for PPP Loan of amount $134,937, the current approved amount is $155,777. The loan was approved on 04/13/2020 by The Bay Port State Bank reported 13 jobs and $155,777 was used to fund payroll.

Valley gear & machine inc. is Existing or more than 2 years old

PPP Loan Search / MI / BAD AXE / Valley gear & machine inc.

VALLEY GEAR & MACHINE INC.

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VALLEY GEAR & MACHINE INC.

Borrower Address

514 Chickory Street

Borrower City

BAD AXE

Borrower State

MI

Borrower Zip

48413-1550

Loan Status Date

01/22/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

134937.00

Current Approval Amount

155777.11

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33579

Servicing Lender Name

Bay Port State Bank

Servicing Lender Address

9840 Main St

Servicing Lender City

BAY PORT

Servicing Lender State

MI

Servicing Lender Zip

48720-9782

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Bad Axe

Project County Name

HURON

Project State

MI

Project Zip

48413-0001

CD

MI-09

Jobs Reported

13

NAICS Code

332999

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

5610.00

Payroll Proceed

134062.11

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

16105.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

33579

Originating Lender

Bay Port State Bank

Originating Lender City

BAY PORT

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

157168.43

Forgiveness Date

03/17/2021

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