PPP Loan information for Specialty machine service inc

$232,397

Specialty machine service inc was initially approved for PPP Loan of amount $232,397, the current approved amount is $232,397. The loan was approved on 04/07/2020 by The Mercantile Bank reported 18 jobs and $232,397 was used to fund payroll.

Specialty machine service inc is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Specialty machine service inc

SPECIALTY MACHINE SERVICE INC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SPECIALTY MACHINE SERVICE INC

Borrower Address

2727 ELMRIDGE DR

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49534-1327

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

232397.00

Current Approval Amount

232397.00

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

49534-1327

CD

MI-02

Jobs Reported

18

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2120.00

Payroll Proceed

185918.00

Mortgage Interest Proceed

0.00

Rent Proceed

16000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

26580.00

Debt Interest Proceed

1779

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

233740.45

Forgiveness Date

11/12/2020

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