PPP Loan information for Ele's place, inc.

$523,500

Ele's place, inc. was initially approved for PPP Loan of amount $523,500, the current approved amount is $523,500. The loan was approved on 04/09/2020 by The Mercantile Bank reported 78 jobs and $523,500 was used to fund payroll.

Ele's place, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LANSING / Ele's place, inc.

ELE'S PLACE, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ELE'S PLACE, INC.

Borrower Address

1145 W OAKLAND AVE

Borrower City

LANSING

Borrower State

MI

Borrower Zip

48915-2000

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

523500.00

Current Approval Amount

523500.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LANSING

Project County Name

INGHAM

Project State

MI

Project Zip

48915-2000

CD

MI-07

Jobs Reported

78

NAICS Code

624190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

487771.92

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

35728.08

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

528132.62

Forgiveness Date

03/05/2021

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