Optec, Incorporated

$96,375 PPP Loan in Lowell, Michigan

Loan Details

Loan Number
3719028208
Date Approved
Aug 5, 2020
Loan Status
Paid in Full
Initial Approval
$96,375
Current Approval
$96,375
Forgiveness Amount
$97,370
Forgiveness Date
Aug 19, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Optec, Incorporated
Address
199 Smith St
City
Lowell
ZIP Code
49331-1374
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335929)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$62,375
Rent
$12,000
Utilities
$6,000
Health Care
$16,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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