Michigan Specialty Coatings, Inc.

$590,000 PPP Loan in Saint Clair, Michigan

Loan Details

Loan Number
5548567007
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$590,000
Current Approval
$590,000
Forgiveness Amount
$593,847
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Michigan Specialty Coatings, Inc.
Address
5407 Gratiot Ave
ZIP Code
48079-1428
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238330)
Business Age
Existing or more than 2 years old
Jobs Reported
56
Estimated Revenue
$14.1M
Rural/Urban
Rural
Congressional District
MI-09

Loan Use Breakdown

Payroll
$531,000
Rent
$35,400
Utilities
$17,700
Debt Interest
$5,900

Lender Information

Servicing Lender
Eastern Michigan Bank
Originating Lender
Eastern Michigan Bank

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