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J & R Tool, Inc.

$94,700 PPP Loan in Auburn, Michigan

Loan Details

Loan Number
4569957000
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$94,700
Current Approval
$94,700
Forgiveness Amount
$95,447
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
J & R Tool, Inc.
Address
4575 Garfield Rd
City
Auburn
State
Michigan
ZIP Code
48611-9504
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-08

Loan Use Breakdown

Payroll
$75,300
Rent
$5,000
Utilities
$2,500
Health Care
$10,400
Debt Interest
$1,500

Lender Information

Servicing Lender
1st State Bank
Originating Lender
1st State Bank

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