PPP Loan information for Design 1 inc

$1,539,142

Design 1 inc was initially approved for PPP Loan of amount $1,539,142, the current approved amount is $1,539,142. The loan was approved on 04/08/2020 by The Mercantile Bank reported 226 jobs and $1,539,142 was used to fund payroll.

Design 1 inc is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Design 1 inc

DESIGN 1 INC

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DESIGN 1 INC

Borrower Address

4485 PLAINFIELD AVE NE SUITE 108

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49525-1605

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1539142.00

Current Approval Amount

1539142.00

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

49525-1605

CD

MI-03

Jobs Reported

226

NAICS Code

812112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

21201.24

Payroll Proceed

1278810.86

Mortgage Interest Proceed

0.00

Rent Proceed

210512.40

Refinance EIDL Proceed

0.00

Health Care Proceed

28617.50

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1558581.57

Forgiveness Date

07/20/2021

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