PPP Loan information for Gelock transfer line, inc

$347,374

Gelock transfer line, inc was initially approved for PPP Loan of amount $347,374, the current approved amount is $347,374. The loan was approved on 04/07/2020 by The Mercantile Bank reported 20 jobs and $347,374 was used to fund payroll.

Gelock transfer line, inc is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Gelock transfer line, inc

GELOCK TRANSFER LINE, INC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

GELOCK TRANSFER LINE, INC

Borrower Address

450 Market Ave SW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-4943

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

347374.00

Current Approval Amount

347374.00

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

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49503-4943

CD

MI-03

Jobs Reported

20

NAICS Code

484220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

16190.00

Payroll Proceed

265837.00

Mortgage Interest Proceed

0.00

Rent Proceed

35375.00

Refinance EIDL Proceed

0.00

Health Care Proceed

29972.00

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

349382.11

Forgiveness Date

11/12/2020

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