Dry Coolers, Inc.

$656,880 PPP Loan in Oxford, Michigan

Loan Details

Loan Number
2610617105
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$656,880
Current Approval
$656,880
Forgiveness Amount
$661,297
Forgiveness Date
Dec 18, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Dry Coolers, Inc.
Address
575 S Glaspie St
City
Oxford
ZIP Code
48371
Business Type
Corporation
Industry (NAICS)
Manufacturing (332510)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$12.5M
Rural/Urban
Urban
Congressional District
MI-09

Loan Use Breakdown

Payroll
$539,192
Rent
$30,000
Utilities
$13,959
Health Care
$73,729

Lender Information

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

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