PPP Loan information for Mechanical insulation, inc.

$828,300

Mechanical insulation, inc. was initially approved for PPP Loan of amount $828,300, the current approved amount is $828,300. The loan was approved on 04/15/2020 by The Michigan State University FCU reported 37 jobs and $828,300 was used to fund payroll.

Mechanical insulation, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LANSING / Mechanical insulation, inc.

MECHANICAL INSULATION, INC.

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MECHANICAL INSULATION, INC.

Borrower Address

3001 N MARTIN LUTHER KING JR BLVD

Borrower City

LANSING

Borrower State

MI

Borrower Zip

48906-2947

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

828300.00

Current Approval Amount

828300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99188

Servicing Lender Name

Michigan State University FCU

Servicing Lender Address

3777 West Rd

Servicing Lender City

EAST LANSING

Servicing Lender State

MI

Servicing Lender Zip

48823-8029

Rural Urban Indicator

U

Hubzone Indicator

Y

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

48906-2947

CD

MI-07

Jobs Reported

37

NAICS Code

238310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

8000.00

Payroll Proceed

796300.00

Mortgage Interest Proceed

0.00

Rent Proceed

24000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99188

Originating Lender

Michigan State University FCU

Originating Lender City

EAST LANSING

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

835516.42

Forgiveness Date

03/02/2021

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