Mckearney Asphalt & Sealing, INC

$375,777 PPP Loan in Lansing, Michigan

Loan Details

Loan Number
9390517000
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$375,777
Current Approval
$375,777
Forgiveness Amount
$379,895
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mckearney Asphalt & Sealing, INC
Address
16501 S US Highway 27
ZIP Code
48906-5630
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238990)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-07

Loan Use Breakdown

Payroll
$345,177
Rent
$10,000
Utilities
$2,600
Health Care
$12,000
Debt Interest
$6,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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