Loadmaster Corporation

$793,600 PPP Loan in Norway, Michigan

Loan Details

Loan Number
4778927107
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$793,600
Current Approval
$793,600
Forgiveness Amount
$798,818
Forgiveness Date
Dec 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Loadmaster Corporation
Address
100 9th Ave
City
Norway
ZIP Code
49870-1107
Business Type
Corporation
Industry (NAICS)
Administrative and Support and Waste Management (562212)
Business Age
Existing or more than 2 years old
Jobs Reported
94
Estimated Revenue
$17.8M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$635,000
Utilities
$119,100
Health Care
$25,500
Mortgage Interest
$9,500
Debt Interest
$4,500

Lender Information

Servicing Lender
Range Bank
Originating Lender
Range Bank

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