Northern Precision Product, INC

$321,435 PPP Loan in Leroy, Michigan

Loan Details

Loan Number
6038297101
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$321,435
Current Approval
$321,435
Forgiveness Amount
$323,443
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Northern Precision Product, INC
Address
4790 N Mackinaw Trl
City
Leroy
ZIP Code
49655-9320
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$8.3M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$270,187
Utilities
$9,742
Health Care
$35,506
Debt Interest
$6,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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