Martel Tool Corp

$159,000 PPP Loan in Allen Park, Michigan

Loan Details

Loan Number
8656428400
Date Approved
Feb 13, 2021
Loan Status
Paid in Full
Initial Approval
$159,000
Current Approval
$159,000
Forgiveness Amount
$160,793
Forgiveness Date
Mar 31, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Martel Tool Corp
Address
5831 Pelham Rd 5831 Pelham Rd
ZIP Code
48101-2809
Business Type
Corporation
Industry (NAICS)
Manufacturing (333515)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-13

Loan Use Breakdown

Payroll
$158,996
Utilities
$1

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
Pnc Bank, National Association

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