Material Handling Technology Inc.

$387,100 PPP Loan in Ira, Michigan

Loan Details

Loan Number
2716287307
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$387,100
Current Approval
$387,100
Forgiveness Amount
$392,272
Forgiveness Date
Aug 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Material Handling Technology Inc.
Address
9023 Marine City Hwy Ste B
City
Ira
ZIP Code
48023-1225
Business Type
Corporation
Industry (NAICS)
Manufacturing (332322)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$11.0M
Rural/Urban
Rural
Congressional District
MI-09

Loan Use Breakdown

Payroll
$309,692
Mortgage Interest
$77,408

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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