Praet Tool & Engineering, Inc. & Praet Management Group, INC
$316,195 PPP Loan in Macomb, Michigan
Loan Details
- Loan Number
- 1288187103
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $316,195
- Current Approval
- $316,195
- Forgiveness Amount
- $319,079
- Forgiveness Date
- Mar 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Praet Tool & Engineering, Inc. & Praet Management Group, INC
- Address
- 51214 Industrial Dr
- City
- Macomb
- State
- Michigan
- ZIP Code
- 48042-4025
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (332710)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 23
- Estimated Revenue
- $5.6M
- Rural/Urban
- Urban
- Congressional District
- MI-09
Loan Use Breakdown
- Payroll
- $252,856
- Rent
- $22,657
- Utilities
- $9,182
- Health Care
- $28,000
- Debt Interest
- $3,500
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
Other PPP Loans in Macomb, MI
| Business | Approved | |
|---|---|---|
| Pti Engineered Plastics, Inc. | $4,597,700 |  AI Deep Dive |
| Colasanti Construction Services INC | $2,355,000 | AI Deep Dive |
| Michigan Production Machining, Inc. | $2,155,700 | AI Deep Dive |
| Pti Engineered Plastics Inc. | $2,000,000 | AI Deep Dive |
| Michigan Production Machining INC | $2,000,000 | AI Deep Dive |
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