Date Approved
04/09/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
KERWIN ELECTRIC, INC
Borrower Address
7930 S 8th St
Borrower City
KALAMAZOO
Borrower State
MI
Borrower Zip
49009-8955
Loan Status Date
05/11/2022
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
170350.00
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
GRAND RAPIDS
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
Project State
Project Zip
CD
MI-04
Jobs Reported
21
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1410.00
Payroll Proceed
120000.00
Mortgage Interest Proceed
1110.00
Rent Proceed
10500.00
Refinance EIDL Proceed
Health Care Proceed
37330.00
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
124550.35
Forgiveness Date
11/12/2020