Cal Grinding, Inc.

$505,200 PPP Loan in Escanaba, Michigan

Loan Details

Loan Number
8769537202
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$505,200
Current Approval
$400,000
Forgiveness Amount
$404,044
Forgiveness Date
May 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cal Grinding, Inc.
Address
1401 N 26th St
ZIP Code
49829-2500
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332911)
Business Age
Existing or more than 2 years old
Jobs Reported
37
Estimated Revenue
$9.0M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$298,960
Utilities
$50,520
Mortgage Interest
$50,520

Lender Information

Servicing Lender
Upper Peninsula State Bank
Originating Lender
Upper Peninsula State Bank

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