Verona Industrial Equipment LLC

$157,400 PPP Loan in Howell, Michigan

Loan Details

Loan Number
7734397203
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$157,400
Current Approval
$157,400
Forgiveness Amount
$158,336
Forgiveness Date
Dec 4, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Verona Industrial Equipment LLC
Address
840 Motor Dr
City
Howell
ZIP Code
48843
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423830)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-07

Loan Use Breakdown

Payroll
$144,400
Rent
$9,900
Utilities
$1,000
Debt Interest
$2,100

Lender Information

Servicing Lender
Bank of Ann Arbor
Originating Lender
Bank of Ann Arbor

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