New Products Corporation

$613,740 PPP Loan in Benton Harbor, Michigan

Loan Details

Loan Number
1423087700
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$613,740
Current Approval
$613,740
Forgiveness Amount
$621,693
Forgiveness Date
Aug 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
New Products Corporation
Address
448 North Shore Dr
ZIP Code
49022
Business Type
Corporation
Industry (NAICS)
Manufacturing (331523)
Business Age
Existing or more than 2 years old
Jobs Reported
440
Estimated Revenue
$115.2M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$472,140
Utilities
$82,000
Health Care
$59,600

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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