Andronaco INC

$3,201,760 PPP Loan in Grand Rapids, Michigan

Loan Details

Loan Number
6248767000
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$3,201,760
Current Approval
$3,201,760
Forgiveness Amount
$3,246,672
Forgiveness Date
Sep 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Andronaco INC
Address
4855 Broadmoor Ave SE
ZIP Code
49512-5360
Business Type
Corporation
Industry (NAICS)
Manufacturing (326220)
Business Age
Existing or more than 2 years old
Jobs Reported
201
Estimated Revenue
$199.4M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$2,401,760
Utilities
$128,500
Health Care
$132,500
Refinance EIDL
$539,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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