Industrial Metal Products Corporation

$602,593 PPP Loan in Lansing, Michigan

Loan Details

Loan Number
8689547009
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$602,593
Current Approval
$602,593
Forgiveness Amount
$606,225
Forgiveness Date
Nov 20, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Industrial Metal Products Corporation
Address
3417 Saint Joseph St
ZIP Code
48917-3707
Business Type
Corporation
Industry (NAICS)
Manufacturing (333517)
Business Age
Existing or more than 2 years old
Jobs Reported
38
Estimated Revenue
$9.9M
Rural/Urban
Urban
Congressional District
MI-07

Loan Use Breakdown

Payroll
$482,461
Rent
$6,600
Utilities
$15,405
Health Care
$98,126

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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