U.p. Machine and Engineering Co.

$302,000 PPP Loan in Powers, Michigan

Loan Details

Loan Number
4459687001
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$302,000
Current Approval
$302,000
Forgiveness Amount
$302,884
Forgiveness Date
Nov 10, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
U.p. Machine and Engineering Co.
Address
15930 Main Street
City
Powers
ZIP Code
49874-9610
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423830)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$7.7M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$241,650
Rent
$25,350
Mortgage Interest
$15,000
Debt Interest
$20,000

Lender Information

Servicing Lender
First National Bank & Trust Co
Originating Lender
First National Bank & Trust Co

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