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Lomar Machine & Tool Co.

$1,990,200 PPP Loan in Horton, Michigan

Loan Details

Loan Number
6157777008
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,990,200
Current Approval
$1,990,200
Forgiveness Amount
$2,009,439
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lomar Machine & Tool Co.
Address
13 Main Street
City
Horton
State
Michigan
ZIP Code
49246-0128
Business Type
Corporation
Industry (NAICS)
Manufacturing (333517)
Business Age
Existing or more than 2 years old
Jobs Reported
130
Estimated Revenue
$34.0M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$1,592,160
Utilities
$99,510
Mortgage Interest
$298,530

Lender Information

Servicing Lender
County National Bank
Originating Lender
County National Bank

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