Michael Engineering, Ltd

$241,750 PPP Loan in Mount Pleasant, Michigan

Loan Details

Loan Number
6643097000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$241,750
Current Approval
$241,750
Forgiveness Amount
$243,359
Forgiveness Date
Dec 15, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Michael Engineering, Ltd
Address
5625 Venture Way
ZIP Code
48858-1152
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333914)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$7.3M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$193,680
Rent
$28,000
Utilities
$4,500
Health Care
$15,570

Lender Information

Servicing Lender
Isabella Bank
Originating Lender
Isabella Bank

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