ALCO PLASTICS, INC. (MI) - 2020 PPP Loan Borrower Profile (# 4922357304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALCO PLASTICS, 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

4922357304

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$1,457,470

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$1,465,729

Date Loan was Forgiven

Dec 10, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,165,976

Mortgage Interest Proceed

291,494

Lender

Comerica Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

326199

Borrower Location

Romeo, MI

Project Location

Romeo, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

161

Business Age Description

Existing or more than 2 years old

Data Source: SBA.