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Prestige Stamping, LLC

$1,737,525 PPP Loan in Warren, Michigan

Loan Details

Loan Number
6776757001
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,737,525
Current Approval
$1,737,525
Forgiveness Amount
$1,749,902
Forgiveness Date
Dec 30, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Prestige Stamping, LLC
Address
23513 Groesbeck Hwy
City
Warren
State
Michigan
ZIP Code
48089-4253
Business Type
Partnership
Industry (NAICS)
Manufacturing (332722)
Business Age
Existing or more than 2 years old
Jobs Reported
134
Estimated Revenue
$32.8M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$1,355,525
Rent
$32,000
Utilities
$50,000
Debt Interest
$300,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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