Michaels INC

$1,026,281 PPP Loan in Waterbury, Connecticut

Loan Details

Loan Number
9311137105
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$1,026,281
Current Approval
$1,026,281
Forgiveness Amount
$1,032,610
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Michaels INC
Address
150 Mattatuck Heights Rd Ste 3
ZIP Code
06705
Business Type
Corporation
Industry (NAICS)
Retail Trade (448310)
Business Age
Existing or more than 2 years old
Jobs Reported
96
Estimated Revenue
$26.5M
Rural/Urban
Urban
Congressional District
CT-05

Loan Use Breakdown

Payroll
$881,832
Rent
$118,094
Utilities
$21,251
Health Care
$5,104

Lender Information

Servicing Lender
Bankwell Bank
Originating Lender
Bankwell Bank

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