PPP Loan information for American metal & plastics, inc.

$600,543

American metal & plastics, inc. was initially approved for PPP Loan of amount $600,543, the current approved amount is $600,543. The loan was approved on 04/07/2020 by The Mercantile Bank reported 53 jobs and $600,543 was used to fund payroll.

American metal & plastics, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / American metal & plastics, inc.

AMERICAN METAL & PLASTICS, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AMERICAN METAL & PLASTICS, INC.

Borrower Address

450 32nd Street

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49548-1021

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

600542.50

Current Approval Amount

600542.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49548-1021

CD

MI-03

Jobs Reported

53

NAICS Code

336370

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

48000.00

Payroll Proceed

506210.00

Mortgage Interest Proceed

8332.50

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

38000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

604474.82

Forgiveness Date

12/09/2020

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