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Lincoln Precision Carbide INC

$200,500 PPP Loan in Lincoln, Michigan

Loan Details

Loan Number
9954667006
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$200,500
Current Approval
$200,500
Forgiveness Amount
$201,981
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lincoln Precision Carbide INC
Address
600 S Second Street
City
Lincoln
State
Michigan
ZIP Code
48742-0421
Business Type
Corporation
Industry (NAICS)
Manufacturing (333515)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.8M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$172,500
Rent
$11,000
Utilities
$10,000
Debt Interest
$7,000

Lender Information

Servicing Lender
Huron Community Bank
Originating Lender
Huron Community Bank

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