PPP Loan information for Carelinc medical equipment & supply co llc

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

CARELINC MEDICAL EQUIPMENT & SUPPLY CO LLC

Borrower Address

89 54TH ST SW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49548-5503

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4907750.00

Current Approval Amount

4907750.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49548-5503

CD

MI-03

Jobs Reported

485

NAICS Code

423450

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

16500.00

Payroll Proceed

4126250.00

Mortgage Interest Proceed

0.00

Rent Proceed

170000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

595000.00

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

4964088.28

Forgiveness Date

06/09/2021