PPP borrower record
SPEC TOOL COMPANY, INC. PPP loan record
Public SBA PPP loan record for SPEC TOOL COMPANY, INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$1,012,395
Approved amount
$968,894
Forgiven amount
2020-04-07
Date approved
Borrower and loan details
Borrower
SPEC TOOL COMPANY, INC.
Loan number
6649957010
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Sparta
Borrower state
Michigan
Borrower ZIP
49345
Jobs reported
74
Loan status
Exemption 4
Forgiveness date
2020-11-10
Servicing lender
Mercantile Bank of Michigan
Originating lender
Mercantile Bank of Michigan
Reported use of proceeds
Payroll
$892,809
Rent
$50,800
Utilities
$39,826
Mortgage interest
N/A
Health care
N/A
Debt interest
$28,960
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.