Electro-Optics Technology, Inc.

$989,380 PPP Loan in Traverse City, Michigan

Loan Details

Loan Number
7082077205
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$989,380
Current Approval
$989,380
Forgiveness Amount
$994,382
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Electro-Optics Technology, Inc.
Address
3340 Parkland Ct
ZIP Code
49686-8723
Business Type
Corporation
Industry (NAICS)
Manufacturing (334510)
Business Age
Existing or more than 2 years old
Jobs Reported
72
Estimated Revenue
$18.9M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$849,380
Rent
$85,000
Utilities
$55,000

Lender Information

Servicing Lender
Honor Bank
Originating Lender
Honor Bank

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