PPP Loan information for Imperial beverage company

$3,784,632

Imperial beverage company was initially approved for PPP Loan of amount $3,784,632, the current approved amount is $3,784,632. The loan was approved on 04/28/2020 by The Mercantile Bank reported 351 jobs and $3,784,632 was used to fund payroll.

Imperial beverage company is Existing or more than 2 years old

PPP Loan Search / MI / KALAMAZOO / Imperial beverage company

IMPERIAL BEVERAGE COMPANY

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

IMPERIAL BEVERAGE COMPANY

Borrower Address

3825 Emerald Dr

Borrower City

KALAMAZOO

Borrower State

MI

Borrower Zip

49001-7919

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3784632.00

Current Approval Amount

3784632.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

KALAMAZOO

Project County Name

KALAMAZOO

Project State

MI

Project Zip

49001-7919

CD

MI-04

Jobs Reported

351

NAICS Code

424810

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

72178.00

Payroll Proceed

3246704.00

Mortgage Interest Proceed

0.00

Rent Proceed

139500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

300000.00

Debt Interest Proceed

26250

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3835543.08

Forgiveness Date

09/08/2021

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