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Stearns Drilling Company

$393,774 PPP Loan in Caledonia, Michigan

Loan Details

Loan Number
5381218403
Date Approved
Feb 8, 2021
Loan Status
Paid in Full
Initial Approval
$393,774
Current Approval
$393,774
Forgiveness Amount
$396,651
Forgiveness Date
Nov 2, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Stearns Drilling Company
Address
6974 Hammond Ave SE
City
Caledonia
State
Michigan
ZIP Code
49316-8351
Business Type
Corporation
Industry (NAICS)
Construction (238990)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$8.5M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$393,773

Lender Information

Servicing Lender
Union Bank
Originating Lender
Union Bank

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