Pro Powder, INC

$170,000 PPP Loan in South Haven, Michigan

Loan Details

Loan Number
9565967009
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$170,000
Current Approval
$170,000
Forgiveness Amount
$170,922
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Pro Powder, INC
Address
201 Lovejoy Ave
ZIP Code
49090-1650
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332812)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$5.6M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$141,000
Rent
$12,000
Utilities
$12,200
Health Care
$2,100
Debt Interest
$2,700

Lender Information

Servicing Lender
Sturgis Bank & Trust Company
Originating Lender
Sturgis Bank & Trust Company

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