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Automatic Handling International, INC

$1,871,000 PPP Loan in Erie, Michigan

Loan Details

Loan Number
5805147001
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,871,000
Current Approval
$1,871,000
Forgiveness Amount
$1,881,810
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Automatic Handling International, INC
Address
360 Lavoy Road
City
Erie
State
Michigan
ZIP Code
48133-9436
Business Type
Corporation
Industry (NAICS)
Manufacturing (333993)
Business Age
Existing or more than 2 years old
Jobs Reported
148
Estimated Revenue
$38.8M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$1,691,240
Rent
$80,000
Utilities
$45,380
Mortgage Interest
$54,380

Lender Information

Servicing Lender
Waterford Bank, National Association
Originating Lender
Waterford Bank, National Association

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