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Michigan Scientific Corporation

$1,663,522 PPP Loan in Milford, Michigan

Loan Details

Loan Number
7298497005
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,663,522
Current Approval
$1,663,522
Forgiveness Amount
$1,672,856
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Michigan Scientific Corporation
Address
730 Bellevue
City
Milford
State
Michigan
ZIP Code
48381-2209
Business Type
Corporation
Industry (NAICS)
Manufacturing (334513)
Business Age
Existing or more than 2 years old
Jobs Reported
118
Estimated Revenue
$30.9M
Rural/Urban
Urban
Congressional District
MI-07

Loan Use Breakdown

Payroll
$1,477,643
Rent
$59,693
Utilities
$26,318
Health Care
$99,868

Lender Information

Servicing Lender
Charlevoix State Bank
Originating Lender
Charlevoix State Bank

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