Innotec Corp

$2,971,217 PPP Loan in Zeeland, Michigan

Loan Details

Loan Number
1618377105
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$2,971,217
Current Approval
$2,971,217
Forgiveness Amount
$3,011,092
Forgiveness Date
Aug 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Innotec Corp
Address
441 E. Roosevelt Ave.
ZIP Code
49464-1257
Business Type
Corporation
Industry (NAICS)
Manufacturing (334419)
Business Age
Existing or more than 2 years old
Jobs Reported
150
Estimated Revenue
$39.3M
Rural/Urban
Urban
Congressional District
MI-02

Loan Use Breakdown

Payroll
$2,169,248
Rent
$228,000
Utilities
$177,793
Health Care
$321,176
Mortgage Interest
$75,000

Lender Information

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

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