PPP Loan information for Michel mercier products inc

$152,220

Michel mercier products inc was initially approved for PPP Loan of amount $152,220, the current approved amount is $152,220. The loan was approved on 01/29/2021 by The Valley National Bank reported 9 jobs and $152,220 was used to fund payroll.

Michel mercier products inc is Existing or more than 2 years old

PPP Loan Search / NJ / South Plainfield / Michel mercier products inc

MICHEL MERCIER PRODUCTS INC

Date Approved

01/29/2021

SBA Office Code

0299

Processing Method

PPS

Borrower Name

MICHEL MERCIER PRODUCTS INC

Borrower Address

3470 S Clinton Ave

Borrower City

South Plainfield

Borrower State

NJ

Borrower Zip

07080-1320

Loan Status Date

02/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

152220.00

Current Approval Amount

152220.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45120

Servicing Lender Name

Valley National Bank

Servicing Lender Address

615 Main Ave

Servicing Lender City

PASSAIC

Servicing Lender State

NJ

Servicing Lender Zip

07055-5066

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

South Plainfield

Project County Name

MIDDLESEX

Project State

NJ

Project Zip

07080-1320

CD

NJ-06

Jobs Reported

9

NAICS Code

446120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

152215.00

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

45120

Originating Lender

Valley National Bank

Originating Lender City

PASSAIC

Originating Lender State

NJ

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

153708.37

Forgiveness Date

01/21/2022

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