Reliable Automation Inc.

$472,000 PPP Loan in Grandville, Michigan

Loan Details

Loan Number
5592737007
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$472,000
Current Approval
$472,000
Forgiveness Amount
$475,233
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Reliable Automation Inc.
Address
3434 Busch Drive
ZIP Code
49418-1098
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333249)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$8.4M
Rural/Urban
Urban
Congressional District
MI-02

Loan Use Breakdown

Payroll
$472,000

Lender Information

Servicing Lender
Grand River Bank
Originating Lender
Grand River Bank

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