Fair Salvage Company
$466,400 PPP Loan in Clare, Michigan
Loan Details
- Loan Number
- 6937967007
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $466,400
- Current Approval
- $466,400
- Forgiveness Amount
- $287,499
- Forgiveness Date
- Mar 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Fair Salvage Company
- Address
- 2731 E. Grass Lake Rd.
- City
- Clare
- State
- Michigan
- ZIP Code
- 48617-9316
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423930)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 27
- Estimated Revenue
- $8.3M
- Rural/Urban
- Rural
- Congressional District
- MI-02
Loan Use Breakdown
- Payroll
- $401,400
- Rent
- $28,000
- Utilities
- $6,000
- Health Care
- $18,000
- Debt Interest
- $13,000
Lender Information
- Servicing Lender
- Isabella Bank
- Originating Lender
- Isabella Bank
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