PPP Loan information for Discount paper products inc

$281,400

Discount paper products inc was initially approved for PPP Loan of amount $281,400, the current approved amount is $281,400. The loan was approved on 04/15/2020 by The First Merchants Bank reported 32 jobs and $281,400 was used to fund payroll.

Discount paper products inc is Existing or more than 2 years old

PPP Loan Search / MI / NOVI / Discount paper products inc

DISCOUNT PAPER PRODUCTS INC

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DISCOUNT PAPER PRODUCTS INC

Borrower Address

46570 HUMBOLDT DR

Borrower City

NOVI

Borrower State

MI

Borrower Zip

48377-2434

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

281400.00

Current Approval Amount

281400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NOVI

Project County Name

OAKLAND

Project State

MI

Project Zip

48377-2434

CD

MI-11

Jobs Reported

32

NAICS Code

424120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

281400.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

285046.64

Forgiveness Date

08/05/2021

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