Vidon Plastics, Inc.

$1,004,625 PPP Loan in Lapeer, Michigan

Loan Details

Loan Number
4190907209
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$1,004,625
Current Approval
$1,004,625
Forgiveness Amount
$1,014,607
Forgiveness Date
Apr 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Vidon Plastics, Inc.
Address
3171 John Conley Dr.
City
Lapeer
ZIP Code
48446
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (326199)
Business Age
Existing or more than 2 years old
Jobs Reported
85
Estimated Revenue
$84.3M
Rural/Urban
Rural
Congressional District
MI-09

Loan Use Breakdown

Payroll
$660,000
Rent
$172,500
Utilities
$43,625
Health Care
$120,000
Debt Interest
$8,500

Lender Information

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

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