PPP Loan information for Concept tooling systems

$408,585

Concept tooling systems was initially approved for PPP Loan of amount $408,585, the current approved amount is $408,585. The loan was approved on 04/08/2020 by The Mercantile Bank reported 23 jobs and $408,585 was used to fund payroll.

Concept tooling systems is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Concept tooling systems

CONCEPT TOOLING SYSTEMS

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

CONCEPT TOOLING SYSTEMS

Borrower Address

555 PLYMOUTH AVE NE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49505-6029

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

408585.00

Current Approval Amount

408585.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49505-6029

CD

MI-03

Jobs Reported

23

NAICS Code

541430

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1154.00

Payroll Proceed

292184.00

Mortgage Interest Proceed

0.00

Rent Proceed

80225.00

Refinance EIDL Proceed

0.00

Health Care Proceed

34685.00

Debt Interest Proceed

337

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

413913.40

Forgiveness Date

08/03/2021

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