PPP Loan information for Michael's machine shop inc.

$47,000

Michael's machine shop inc. was initially approved for PPP Loan of amount $47,000, the current approved amount is $47,000. The loan was approved on 03/31/2021 by The Planters Bank & Trust Company reported 9 jobs and $47,000 was used to fund payroll.

Michael's machine shop inc. is Existing or more than 2 years old

PPP Loan Search / MS / Clarksdale / Michael's machine shop inc.

MICHAEL'S MACHINE SHOP INC.

Date Approved

03/31/2021

SBA Office Code

0470

Processing Method

PPS

Borrower Name

MICHAEL'S MACHINE SHOP INC.

Borrower Address

5935 New Africa Rd

Borrower City

Clarksdale

Borrower State

MS

Borrower Zip

38614-9117

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

47000.00

Current Approval Amount

47000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39763

Servicing Lender Name

Planters Bank & Trust Company

Servicing Lender Address

212 Catchings Ave

Servicing Lender City

INDIANOLA

Servicing Lender State

MS

Servicing Lender Zip

38751-2408

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Clarksdale

Project County Name

COAHOMA

Project State

MS

Project Zip

38614-9117

CD

MS-02

Jobs Reported

9

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

46998.00

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

39763

Originating Lender

Planters Bank & Trust Company

Originating Lender City

INDIANOLA

Originating Lender State

MS

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

47194.44

Forgiveness Date

08/31/2021

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