PPP Loan information for Industrial metal products corporation

$602,593

Industrial metal products corporation was initially approved for PPP Loan of amount $602,593, the current approved amount is $602,593. The loan was approved on 04/08/2020 by The Mercantile Bank reported 38 jobs and $602,593 was used to fund payroll.

Industrial metal products corporation is Existing or more than 2 years old

PPP Loan Search / MI / LANSING / Industrial metal products corporation

INDUSTRIAL METAL PRODUCTS CORPORATION

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

INDUSTRIAL METAL PRODUCTS CORPORATION

Borrower Address

3417 SAINT JOSEPH ST

Borrower City

LANSING

Borrower State

MI

Borrower Zip

48917-3707

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

602592.50

Current Approval Amount

602592.50

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

LANSING

Project County Name

INGHAM

Project State

MI

Project Zip

48917-3707

CD

MI-07

Jobs Reported

38

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15404.84

Payroll Proceed

482461.28

Mortgage Interest Proceed

0.00

Rent Proceed

6600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

98126.38

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

606224.56

Forgiveness Date

11/20/2020

;