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Research Tool Corporation

$396,743 PPP Loan in Ovid, Michigan

Loan Details

Loan Number
3479838302
Date Approved
Jan 22, 2021
Loan Status
Paid in Full
Initial Approval
$396,743
Current Approval
$396,743
Forgiveness Amount
$399,340
Forgiveness Date
Sep 22, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Research Tool Corporation
Address
1401 S Main St
City
Ovid
State
Michigan
ZIP Code
48866-9720
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-07

Loan Use Breakdown

Payroll
$396,741
Utilities
$1

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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