PPP Loan information for Lifecare, inc

$2,286,180

Lifecare, inc was initially approved for PPP Loan of amount $2,286,180, the current approved amount is $2,286,180. The loan was approved on 04/09/2020 by The Mercantile Bank reported 376 jobs and $2,286,180 was used to fund payroll.

Lifecare, inc is Existing or more than 2 years old

PPP Loan Search / MI / KALAMAZOO / Lifecare, inc

LIFECARE, INC

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LIFECARE, INC

Borrower Address

1400 DRAKE RD

Borrower City

KALAMAZOO

Borrower State

MI

Borrower Zip

49006-1978

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2286180.00

Current Approval Amount

2286180.00

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

KALAMAZOO

Project County Name

KALAMAZOO

Project State

MI

Project Zip

49006-1978

CD

MI-04

Jobs Reported

376

NAICS Code

623311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

112000.00

Payroll Proceed

1766180.00

Mortgage Interest Proceed

122000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

260000.00

Debt Interest Proceed

26000

Business Type

Non-Profit Organization

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2312298.82

Forgiveness Date

06/15/2021

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