PPP Loan information for Dynamic youth ministries

$264,900

Dynamic youth ministries was initially approved for PPP Loan of amount $264,900, the current approved amount is $264,900. The loan was approved on 04/13/2020 by The Lake Michigan CU reported 32 jobs and $264,900 was used to fund payroll.

Dynamic youth ministries is Existing or more than 2 years old

DYNAMIC YOUTH MINISTRIES

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DYNAMIC YOUTH MINISTRIES

Borrower Address

1333 ALGER ST SE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49507-3809

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

264900.00

Current Approval Amount

264900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98993

Servicing Lender Name

Lake Michigan CU

Servicing Lender Address

5540 Glenwood Hills Pkwy SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49512-2044

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

49507-3809

CD

MI-03

Jobs Reported

32

NAICS Code

813110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

255000.00

Mortgage Interest Proceed

4900.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

98993

Originating Lender

Lake Michigan CU

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

266658.64

Forgiveness Date

12/10/2020

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