Fordsell Machine Products Company, Inc.

$297,100 PPP Loan in Warren, Michigan

Loan Details

Loan Number
6104137207
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$297,100
Current Approval
$297,100
Forgiveness Amount
$299,270
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Fordsell Machine Products Company, Inc.
Address
30400 Ryan Road
City
Warren
ZIP Code
48092-1947
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332721)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$237,712
Mortgage Interest
$59,388

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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