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Shafer Redi-Mix, Inc.

$427,598 PPP Loan in Albion, Michigan

Loan Details

Loan Number
7376957204
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$427,598
Current Approval
$427,598
Forgiveness Amount
$432,425
Forgiveness Date
Jun 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Shafer Redi-Mix, Inc.
Address
29150 C Dr North
City
Albion
State
Michigan
ZIP Code
49224-9410
Business Type
Corporation
Industry (NAICS)
Manufacturing (327320)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$44.6M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$321,348
Health Care
$106,250

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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