Date Approved
04/07/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
K5 RESTAURANTS LLC
Borrower Address
2652 MAPLEWOOD DR SE
Borrower City
GRAND RAPIDS
Borrower State
MI
Borrower Zip
49506-4759
Loan Status Date
01/21/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
286562.50
Current Approval Amount
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
Servicing Lender State
Servicing Lender Zip
49504-4224
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
80
NAICS Code
722513
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
18996.00
Payroll Proceed
214921.50
Mortgage Interest Proceed
5929.00
Rent Proceed
35785.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
10931
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
288611.62
Forgiveness Date
12/31/2020