PPP Loan information for Mti retreading co.

$230,450

Mti retreading co. was initially approved for PPP Loan of amount $230,450, the current approved amount is $230,450. The loan was approved on 04/27/2020 by The Mercantile Bank reported 24 jobs and $230,450 was used to fund payroll.

Mti retreading co. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Mti retreading co.

MTI RETREADING CO.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MTI RETREADING CO.

Borrower Address

530 Ball Ave NE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-2012

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

230450.00

Current Approval Amount

230450.00

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

49503-2012

CD

MI-03

Jobs Reported

24

NAICS Code

326212

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

28200.00

Payroll Proceed

148350.00

Mortgage Interest Proceed

0.00

Rent Proceed

21250.00

Refinance EIDL Proceed

0.00

Health Care Proceed

32650.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

231864.27

Forgiveness Date

12/09/2020

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