Precision Torque Control,inc

$245,400 PPP Loan in Midland, Michigan

Loan Details

Loan Number
1171477310
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$245,400
Current Approval
$245,400
Forgiveness Amount
$246,675
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Torque Control,inc
Address
220 Arrow Cv
ZIP Code
48642-6950
Business Type
Corporation
Industry (NAICS)
Manufacturing (336350)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-08

Loan Use Breakdown

Payroll
$196,300
Rent
$36,500
Health Care
$12,600

Lender Information

Servicing Lender
1st State Bank
Originating Lender
1st State Bank

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