Cole Carbide Industries, Inc.

$831,350 PPP Loan in Lake Orion, Michigan

Loan Details

Loan Number
6809017108
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$831,350
Current Approval
$831,350
Forgiveness Amount
$841,987
Forgiveness Date
Jul 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cole Carbide Industries, Inc.
Address
4930 Lapeer Road 0.0
ZIP Code
48359-2412
Business Type
Corporation
Industry (NAICS)
Manufacturing (333514)
Business Age
Existing or more than 2 years old
Jobs Reported
62
Estimated Revenue
$16.2M
Rural/Urban
Urban
Congressional District
MI-09

Loan Use Breakdown

Payroll
$595,601
Rent
$47,400
Utilities
$43,740
Health Care
$124,609
Mortgage Interest
$20,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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