ALCONA TOOL & MACHINE, INC. (MI) - 2020 PPP Loan Borrower Profile (# 7290907101)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALCONA TOOL & MACHINE, 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

7290907101

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$228,600

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$230,016.05

Date Loan was Forgiven

Nov 24, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,700

Payroll Proced

203,600

Mortgage Interest Proceed

9,000

Rent Proceed

6,300

Lender

Huron Community Bank

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

LINCOLN, MI

Project Location

LINCOLN, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.