PPP Loan information for State heat treating company

$175,700

State heat treating company was initially approved for PPP Loan of amount $175,700, the current approved amount is $175,700. The loan was approved on 02/03/2021 by The Macatawa Bank reported 297 jobs and $175,700 was used to fund payroll.

State heat treating company is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / State heat treating company

STATE HEAT TREATING COMPANY

Date Approved

02/03/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

STATE HEAT TREATING COMPANY

Borrower Address

530 32nd St SE

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49548-2304

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

175700.00

Current Approval Amount

175700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49548-2304

CD

MI-03

Jobs Reported

297

NAICS Code

332811

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

175694.00

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

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

177307.78

Forgiveness Date

01/13/2022

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