PPP Loan information for Madcap coffee

$494,592

Madcap coffee was initially approved for PPP Loan of amount $494,592, the current approved amount is $494,592. The loan was approved on 01/21/2021 by The Independent Bank reported 29 jobs and $494,592 was used to fund payroll.

Madcap coffee is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Madcap coffee

MADCAP COFFEE

Date Approved

01/21/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MADCAP COFFEE

Borrower Address

1041 Fulton St E

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49503-3608

Loan Status Date

01/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

494592.00

Current Approval Amount

494592.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49503-3608

CD

MI-03

Jobs Reported

29

NAICS Code

722515

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

494588.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

499050.10

Forgiveness Date

12/23/2021

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