ARCAND AND SONS LLC (MI) - 2020 PPP Loan Borrower Profile (# 8428847007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARCAND AND SONS LLC. 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

8428847007

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$20,900

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$21,046.08

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,540

Payroll Proced

18,775

Debt Interest Proceed

585

Lender

Range Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

811111

Borrower Location

IRON MOUNTAIN, MI

Project Location

IRON MOUNTAIN, 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.