Cochrane Supply and Engineering, Inc.

$866,700 PPP Loan in Madison Heights, Michigan

Loan Details

Loan Number
3777127205
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$866,700
Current Approval
$866,700
Forgiveness Amount
$873,634
Forgiveness Date
Feb 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cochrane Supply and Engineering, Inc.
Address
30303 Stephenson Hwy
ZIP Code
48071-1633
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423730)
Business Age
Existing or more than 2 years old
Jobs Reported
60
Estimated Revenue
$18.4M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$693,360
Mortgage Interest
$173,340

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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