ANDRONACO INC (MI) - 2020 PPP Loan Borrower Profile (# 6248767000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ANDRONACO 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

6248767000

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$3,201,760

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$3,246,672.36

Date Loan was Forgiven

Sep 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

128,500

Payroll Proced

2,401,760

Refinance EIDL Proceed

539,000

Health Care Proceed

132,500

Lender

Mercantile Bank

Business Detail

Business Type

Corporation

NAICS

326220

Borrower Location

GRAND RAPIDS, MI

Project Location

GRAND RAPIDS, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

201

Business Age Description

Existing or more than 2 years old

Data Source: SBA.