Envirolite, LLC

$432,370 PPP Loan in Troy, Michigan

Loan Details

Loan Number
7210917007
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$432,370
Current Approval
$432,370
Forgiveness Amount
$436,528
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Envirolite, LLC
Address
1700 W Big Beaver Rd Suite 150
City
Troy
ZIP Code
48084-3503
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (326150)
Business Age
Existing or more than 2 years old
Jobs Reported
69
Estimated Revenue
$68.4M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$345,896
Rent
$45,057
Utilities
$3,660
Health Care
$23,110
Mortgage Interest
$4,147
Debt Interest
$10,500

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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