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Maeder Brothers Sawmill

$177,600 PPP Loan in Weidman, Michigan

Loan Details

Loan Number
9515397104
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$177,600
Current Approval
$177,600
Forgiveness Amount
$179,162
Forgiveness Date
Mar 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Maeder Brothers Sawmill
Address
5016 W Weidman Rd
City
Weidman
State
Michigan
ZIP Code
48893-9718
Business Type
Corporation
Industry (NAICS)
Manufacturing (321999)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$19.8M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$142,080
Rent
$7,000
Utilities
$22,082
Debt Interest
$6,438

Lender Information

Servicing Lender
Isabella Bank
Originating Lender
Isabella Bank

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