Metalloid Corporation

$875,000 PPP Loan in Sturgis, Michigan

Loan Details

Loan Number
1088927106
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$875,000
Current Approval
$875,000
Forgiveness Amount
$883,654
Forgiveness Date
Apr 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Metalloid Corporation
Address
1160 White St
ZIP Code
49091-2148
Business Type
Corporation
Industry (NAICS)
Manufacturing (325998)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
$55.5M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$700,000
Utilities
$175,000

Lender Information

Servicing Lender
Southern Michigan Bank & Trust
Originating Lender
Southern Michigan Bank & Trust

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