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Alcona Tool & Machine, Inc.

$228,600 PPP Loan in Lincoln, Michigan

Loan Details

Loan Number
7290907101
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$228,600
Current Approval
$228,600
Forgiveness Amount
$230,016
Forgiveness Date
Nov 24, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Alcona Tool & Machine, Inc.
Address
3040 Carbide Drive
City
Lincoln
State
Michigan
ZIP Code
48742-0340
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$203,600
Rent
$6,300
Utilities
$9,700
Mortgage Interest
$9,000

Lender Information

Servicing Lender
Huron Community Bank
Originating Lender
Huron Community Bank

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