PPP Loan information for Double otis inc.

$514,600

Double otis inc. was initially approved for PPP Loan of amount $514,600, the current approved amount is $514,600. The loan was approved on 01/22/2021 by The Macatawa Bank reported 42 jobs and $514,600 was used to fund payroll.

Double otis inc. is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Double otis inc.

DOUBLE OTIS INC.

Date Approved

01/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

DOUBLE OTIS INC.

Borrower Address

1415 Division Ave S

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49507-1601

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

514600.00

Current Approval Amount

514600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

U

Hubzone Indicator

Y

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

49507-1601

CD

MI-03

Jobs Reported

42

NAICS Code

238150

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

514600.00

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

Corporation

Originating Lender Location Id

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

519365.34

Forgiveness Date

01/06/2022

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