Economy Tool LLC

$55,000 PPP Loan in White Lake, Michigan

Loan Details

Loan Number
7472707003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$55,000
Current Approval
$50,800
Forgiveness Amount
$51,194
Forgiveness Date
Jan 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Economy Tool LLC
Address
4400 Mckeachie Rd
ZIP Code
48383-1623
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (331318)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$40,000
Rent
$5,600
Utilities
$2,000
Health Care
$3,200

Lender Information

Servicing Lender
Genisys Cu
Originating Lender
Genisys Cu

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