ARNOLD & SAUTTER CO (MI) - 2020 PPP Loan Borrower Profile (# 8303807405)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARNOLD & SAUTTER CO. 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

8303807405

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$49,905

Date Loan was Approved

May 18, 2020

Amount Forgiven

$50,260.49

Date Loan was Forgiven

Feb 4, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

49,905

Lender

Independent Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

236117

Borrower Location

BAY CITY, MI

Project Location

BAY CITY, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.