Spec Tool Company INC
$788,600 PPP Loan in Sparta, Michigan
Loan Details
- Loan Number
- 1958118307
- Date Approved
- Jan 20, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $788,600
- Current Approval
- $788,600
- Forgiveness Amount
- $791,711
- Forgiveness Date
- Jun 15, 2021
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Spec Tool Company INC
- Address
- 389 E Division St
- City
- Sparta
- State
- Michigan
- ZIP Code
- 49345-1334
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (333515)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 58
- Estimated Revenue
- $15.2M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $788,596
- Utilities
- $1
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
Other PPP Loans in Sparta, MI
| Business | Approved | |
|---|---|---|
| Speedrack Products Group Ltd | $3,692,600 |  Research |
| Celia Corporation | $3,426,800 | Research |
| American Gas & Oil, Inc. | $2,421,165 | Research |
| Utility Contracting Co., LLC | $1,849,565 | Research |
| Spec Tool Company, Inc. | $1,012,395 | Research |
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