Models and Tools, INC

$3,283,300 PPP Loan in Shelby Township, Michigan

Loan Details

Loan Number
2534927210
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$3,283,300
Current Approval
$3,283,300
Forgiveness Amount
$3,320,001
Forgiveness Date
Jun 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Models and Tools, INC
Address
51400 Bellestri Ct.
ZIP Code
48315-2749
Business Type
Corporation
Industry (NAICS)
Manufacturing (335991)
Business Age
Existing or more than 2 years old
Jobs Reported
171
Estimated Revenue
$44.8M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$3,283,300

Lender Information

Servicing Lender
First Merchants Bank
Originating Lender
First Merchants Bank

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