PPP Loan information for 150 ottawa hotel development, llc

$230,725

150 ottawa hotel development, llc was initially approved for PPP Loan of amount $230,725, the current approved amount is $230,725. The loan was approved on 04/07/2020 by The Mercantile Bank reported 40 jobs and $230,725 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

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

150 OTTAWA HOTEL DEVELOPMENT, LLC

Borrower Address

32 Market Ave SW Suite 500

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-4047

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

230725.00

Current Approval Amount

230725.00

Undisbursed Amount

0.00

Franchise Name

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

49503-4047

CD

MI-03

Jobs Reported

40

NAICS Code

531120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

25000.00

Payroll Proceed

171658.00

Mortgage Interest Proceed

21145.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

12922.00

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

232431.73

Forgiveness Date

01/11/2021

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