Mpower Technologies, INC

$184,700 PPP Loan in Iron Mountain, Michigan

Loan Details

Loan Number
5101547005
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$184,700
Current Approval
$184,700
Forgiveness Amount
$186,142
Forgiveness Date
Jan 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mpower Technologies, INC
Address
126 Woodward Avenue
ZIP Code
49801-4735
Business Type
Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541511)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$148,000
Rent
$30,000
Utilities
$5,700
Mortgage Interest
$1,000

Lender Information

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

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