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Spencer Plastics, Inc.

$386,504 PPP Loan in Cadillac, Michigan

Loan Details

Loan Number
9175567001
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$386,504
Current Approval
$386,504
Forgiveness Amount
$389,745
Forgiveness Date
Feb 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Spencer Plastics, Inc.
Address
2300 Gary E Schwach St
City
Cadillac
State
Michigan
ZIP Code
49601-8309
Business Type
Corporation
Industry (NAICS)
Manufacturing (326199)
Business Age
New Business or 2 years or less
Jobs Reported
37
Estimated Revenue
$36.7M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$306,654
Utilities
$16,851
Health Care
$40,000
Debt Interest
$23,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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