Joint Production Technology INC

$280,062 PPP Loan in Macomb, Michigan

Loan Details

Loan Number
4518287109
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$280,062
Current Approval
$280,062
Forgiveness Amount
$282,791
Forgiveness Date
Apr 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Joint Production Technology INC
Address
15381 Hallmark Ct
City
Macomb
ZIP Code
48042
Business Type
Corporation
Industry (NAICS)
Manufacturing (333318)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-09

Loan Use Breakdown

Payroll
$180,000
Rent
$25,000
Utilities
$10,120
Health Care
$38,231
Mortgage Interest
$4,300
Debt Interest
$22,411

Lender Information

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

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