SPEC TOOL COMPANY, INC.

Summary of PPP (Paycheck Protection Program) Loan approved to SPEC TOOL COMPANY, INC. by Mercantile Bank of Michigan. The loan was approved on 4/07/2020 in the range of $1-2 million.

Business Information

Name:

SPEC TOOL COMPANY, INC.

389 E DIVISION ST PO BOX 127
SPARTA, MI 49345
Business type: Subchapter S Corporation
Machinery Manufacturing
→ Cutting Tool and Machine Tool Accessory Manufacturing
Non-profit: No
Loan amount: $1-2 million
(50 Jobs retained)
Date approved: April 07, 2020
Lender Mercantile Bank of Michigan

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.