PPP Loan information for Progressive metal manufacturing company

$1,894,090

Progressive metal manufacturing company was initially approved for PPP Loan of amount $1,894,090, the current approved amount is $1,894,090. The loan was approved on 01/31/2021 by The First Merchants Bank reported 124 jobs and $1,894,090 was used to fund payroll.

Progressive metal manufacturing company is Existing or more than 2 years old

PPP Loan Search / MI / Warren / Progressive metal manufacturing company

PROGRESSIVE METAL MANUFACTURING COMPANY

Date Approved

01/31/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

PROGRESSIVE METAL MANUFACTURING COMPANY

Borrower Address

3100 E 10 Mile Rd

Borrower City

Warren

Borrower State

MI

Borrower Zip

48091-3713

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1894090.00

Current Approval Amount

1894090.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Warren

Project County Name

MACOMB

Project State

MI

Project Zip

48091-3713

CD

MI-10

Jobs Reported

124

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1894085.00

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

Subchapter S Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1904987.50

Forgiveness Date

08/31/2021

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