PPP Loan information for Best metal products company

$1,385,802

Best metal products company was initially approved for PPP Loan of amount $1,385,802, the current approved amount is $1,385,802. The loan was approved on 04/07/2020 by The Mercantile Bank reported 115 jobs and $1,385,802 was used to fund payroll.

Best metal products company is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Best metal products company

BEST METAL PRODUCTS COMPANY

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BEST METAL PRODUCTS COMPANY

Borrower Address

3570 RALEIGH DR

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49512-2064

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1385802.00

Current Approval Amount

1385802.00

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

N

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

49512-2064

CD

MI-03

Jobs Reported

115

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

59000.00

Payroll Proceed

1100000.00

Mortgage Interest Proceed

0.00

Rent Proceed

80000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

131802.00

Debt Interest Proceed

15000

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

1395369.73

Forgiveness Date

12/22/2020

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