PPP Loan information for M78 body shop inc

$53,975

M78 body shop inc was initially approved for PPP Loan of amount $53,975, the current approved amount is $53,975. The loan was approved on 04/09/2020 by The Mercantile Bank reported 5 jobs and $53,975 was used to fund payroll.

M78 body shop inc is Existing or more than 2 years old

PPP Loan Search / MI / EAST LANSING / M78 body shop inc

M78 BODY SHOP INC

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

M78 BODY SHOP INC

Borrower Address

2025 E M 78

Borrower City

EAST LANSING

Borrower State

MI

Borrower Zip

48823-9783

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

53975.00

Current Approval Amount

53975.00

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

EAST LANSING

Project County Name

INGHAM

Project State

MI

Project Zip

48823-9783

CD

MI-07

Jobs Reported

5

NAICS Code

811112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3877.65

Payroll Proceed

33205.00

Mortgage Interest Proceed

11596.85

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5295.50

Debt Interest Proceed

0

Business Type

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

54408.28

Forgiveness Date

02/04/2021

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