PPP Loan information for 150 ottawa hotel development llc

$323,015

150 ottawa hotel development llc was initially approved for PPP Loan of amount $323,015, the current approved amount is $323,015. The loan was approved on 02/12/2021 by The Mercantile Bank reported 23 jobs and $323,015 was used to fund payroll.

150 ottawa hotel development llc is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / 150 ottawa hotel development llc

150 OTTAWA HOTEL DEVELOPMENT LLC

Date Approved

02/12/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

150 OTTAWA HOTEL DEVELOPMENT LLC

Borrower Address

32 Market Ave SW Ste 500

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49503-4065

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

323015.00

Current Approval Amount

323015.00

Undisbursed Amount

0.00

Franchise Name

Hyatt Place

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49503-4065

CD

MI-03

Jobs Reported

23

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

323010.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

324820.34

Forgiveness Date

09/09/2021

;