PPP Loan information for Coles quality foods inc

$2,704,220

Coles quality foods inc was initially approved for PPP Loan of amount $2,704,220, the current approved amount is $2,704,220. The loan was approved on 04/27/2020 by The Mercantile Bank reported 288 jobs and $2,704,220 was used to fund payroll.

Coles quality foods inc is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Coles quality foods inc

COLES QUALITY FOODS INC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

COLES QUALITY FOODS INC

Borrower Address

4079 PARK EAST CT SUITE A

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49546-8815

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2704220.00

Current Approval Amount

2704220.00

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

49546-8815

CD

MI-03

Jobs Reported

288

NAICS Code

311813

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2523589.00

Mortgage Interest Proceed

0.00

Rent Proceed

27400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

33231.00

Debt Interest Proceed

120000

Business Type

Subchapter S Corporation

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

2733929.38

Forgiveness Date

06/11/2021

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