PPP Loan information for Excel salon products, inc.

$792,332

Excel salon products, inc. was initially approved for PPP Loan of amount $792,332, the current approved amount is $792,332. The loan was approved on 04/09/2020 by The Mercantile Bank reported 64 jobs and $792,332 was used to fund payroll.

Excel salon products, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Excel salon products, inc.

EXCEL SALON PRODUCTS, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

EXCEL SALON PRODUCTS, INC.

Borrower Address

3498 Kraft Ave SE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49512-2003

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

792332.00

Current Approval Amount

792332.00

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

49512-2003

CD

MI-03

Jobs Reported

64

NAICS Code

423490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

16551.37

Payroll Proceed

681913.47

Mortgage Interest Proceed

0.00

Rent Proceed

32820.16

Refinance EIDL Proceed

0.00

Health Care Proceed

61047.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

797455.02

Forgiveness Date

12/08/2020

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