Spec Tool Company, Inc.
$1,012,395 PPP Loan in Sparta, Michigan
Loan Details
- Loan Number
- 6649957010
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,012,395
- Current Approval
- $1,012,395
- Forgiveness Amount
- $968,894
- Forgiveness Date
- Nov 10, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Spec Tool Company, Inc.
- Address
- 389 E Division St Po Box 127
- City
- Sparta
- State
- Michigan
- ZIP Code
- 49345-1345
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (333515)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 74
- Estimated Revenue
- $19.4M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $892,809
- Rent
- $50,800
- Utilities
- $39,826
- Debt Interest
- $28,960
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
Other PPP Loans in Sparta, MI
| Business | Approved | |
|---|---|---|
| Speedrack Products Group Ltd | $3,692,600 |  Research |
| Celia Corporation | $3,426,800 | Research |
| American Gas & Oil, Inc. | $2,421,165 | Research |
| Utility Contracting Co., LLC | $1,849,565 | Research |
| Spartan Graphics, Inc. | $986,500 | Research |
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