PPP Loan information for Xeratec corporation

$217,258

Xeratec corporation was initially approved for PPP Loan of amount $217,258, the current approved amount is $217,258. The loan was approved on 01/25/2021 by The IncredibleBank reported 12 jobs and $217,258 was used to fund payroll.

Xeratec corporation is Existing or more than 2 years old

PPP Loan Search / MI / Hancock / Xeratec corporation

XERATEC CORPORATION

Date Approved

01/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

XERATEC CORPORATION

Borrower Address

401 Hancock St

Borrower City

Hancock

Borrower State

MI

Borrower Zip

49930-2048

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

217258.10

Current Approval Amount

217258.10

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76755

Servicing Lender Name

IncredibleBank

Servicing Lender Address

327 N 17th Ave

Servicing Lender City

WAUSAU

Servicing Lender State

WI

Servicing Lender Zip

54401-4225

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hancock

Project County Name

HOUGHTON

Project State

MI

Project Zip

49930-2048

CD

MI-01

Jobs Reported

12

NAICS Code

541511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

217257.10

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

76755

Originating Lender

IncredibleBank

Originating Lender City

WAUSAU

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

218127.13

Forgiveness Date

06/23/2021

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