PPP Loan information for General machine service inc

$250,000

General machine service inc was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 04/06/2020 by The Isabella Bank reported 31 jobs and $250,000 was used to fund payroll.

General machine service inc is Existing or more than 2 years old

PPP Loan Search / MI / SAGINAW / General machine service inc

GENERAL MACHINE SERVICE INC

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

GENERAL MACHINE SERVICE INC

Borrower Address

494 E MORLEY DR

Borrower City

SAGINAW

Borrower State

MI

Borrower Zip

48601-9402

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36147

Servicing Lender Name

Isabella Bank

Servicing Lender Address

139 E Broadway

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

MI

Servicing Lender Zip

48858-2312

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAGINAW

Project County Name

SAGINAW

Project State

MI

Project Zip

48601-9402

CD

MI-08

Jobs Reported

31

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

182000.00

Mortgage Interest Proceed

0.00

Rent Proceed

21000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

35000.00

Debt Interest Proceed

2000

Business Type

Subchapter S Corporation

Originating Lender Location Id

36147

Originating Lender

Isabella Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

251547.95

Forgiveness Date

11/27/2020

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