Date Approved
04/27/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
FIRSTRONIC, LLC
Borrower Address
1655 MICHIGAN ST NE
Borrower City
GRAND RAPIDS
Borrower State
MI
Borrower Zip
49503-2015
Loan Status Date
03/06/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
1915782.00
Current Approval Amount
1767860.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
36555
Servicing Lender Name
United Bank of Michigan
Servicing Lender Address
900 E Paris Ave SE
Servicing Lender City
Servicing Lender State
Servicing Lender Zip
49546-3676
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
KENT
Project State
Project Zip
CD
MI-03
Jobs Reported
184
NAICS Code
334412
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
1800.00
Payroll Proceed
1424595.00
Mortgage Interest Proceed
Rent Proceed
6250.00
Refinance EIDL Proceed
Health Care Proceed
318215.00
Debt Interest Proceed
17000
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
1781315.38
Forgiveness Date
02/09/2021