Lanco Acquisition, LLC
$191,520 PPP Loan in Sparta, Michigan
Loan Details
- Loan Number
- 9731657006
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $191,520
- Current Approval
- $191,520
- Forgiveness Amount
- $190,056
- Forgiveness Date
- Nov 10, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Lanco Acquisition, LLC
- Address
- 665 10 Mile Rd
- City
- Sparta
- State
- Michigan
- ZIP Code
- 49345-9459
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Wholesale Trade (423830)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 14
- Estimated Revenue
- <$5M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $145,424
- Rent
- $26,680
- Utilities
- $6,389
- Health Care
- $7,792
- Debt Interest
- $5,235
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
Other PPP Loans in Sparta, MI
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|---|---|---|
| Speedrack Products Group Ltd | $3,692,600 |  AI Deep Dive |
| Celia Corporation | $3,426,800 | AI Deep Dive |
| American Gas & Oil, Inc. | $2,421,165 | AI Deep Dive |
| Utility Contracting Co., LLC | $1,849,565 | AI Deep Dive |
| Spec Tool Company, Inc. | $1,012,395 | AI Deep Dive |
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