Michigan Aluminum Corporation

$295,000 PPP Loan in Wayland, Michigan

Loan Details

Loan Number
2087937101
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$295,000
Current Approval
$295,000
Forgiveness Amount
$297,344
Forgiveness Date
Jan 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Michigan Aluminum Corporation
Address
3151 10th St Po Box 402
ZIP Code
49348-9537
Business Type
Corporation
Industry (NAICS)
Manufacturing (331313)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$6.8M
Rural/Urban
Rural
Congressional District
MI-03

Loan Use Breakdown

Payroll
$242,000
Rent
$42,670
Utilities
$9,821
Health Care
$509

Lender Information

Servicing Lender
United Bank of Michigan
Originating Lender
United Bank of Michigan

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