Manufacturing Technology, Inc.

$1,875,000 PPP Loan in South Bend, Indiana

Loan Details

Loan Number
5592487004
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$1,875,000
Current Approval
$1,650,000
Forgiveness Amount
$1,452,835
Forgiveness Date
Nov 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Manufacturing Technology, Inc.
Address
1702 W Washington St
State
Indiana
ZIP Code
46628-2061
Business Type
Corporation
Industry (NAICS)
Manufacturing (333992)
Business Age
Existing or more than 2 years old
Jobs Reported
115
Estimated Revenue
$30.1M
Rural/Urban
Urban
Congressional District
IN-02

Loan Use Breakdown

Payroll
$1,395,000
Utilities
$85,000
Health Care
$85,000
Mortgage Interest
$5,000
Debt Interest
$80,000

Lender Information

Servicing Lender
Lake City Bank
Originating Lender
Lake City Bank

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