ALBERTS MACHINE AND TOOL INC. (MI) - 2020 PPP Loan Borrower Profile (# 5083608306)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBERTS MACHINE AND TOOL INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

5083608306

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$17,383.65

Date Loan was Approved

Jan 25, 2021

Amount Forgiven

$17,509.38

Date Loan was Forgiven

Oct 20, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

17,377.65

Lender

The Huntington National Bank

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

Marion, MI

Project Location

Marion, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.