PPP Loan information for Kleyn electric, inc.

$398,945

Kleyn electric, inc. was initially approved for PPP Loan of amount $398,945, the current approved amount is $398,945. The loan was approved on 04/09/2020 by The Mercantile Bank reported 28 jobs and $398,945 was used to fund payroll.

Kleyn electric, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Kleyn electric, inc.

KLEYN ELECTRIC, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

KLEYN ELECTRIC, INC.

Borrower Address

306 NORTHERN DR

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49534-3700

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

398945.00

Current Approval Amount

398945.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49534-3700

CD

MI-02

Jobs Reported

28

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2500.00

Payroll Proceed

373945.00

Mortgage Interest Proceed

2500.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

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

403415.37

Forgiveness Date

06/04/2021

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