PPP Loan information for Madcap coffee company

$353,280

Madcap coffee company was initially approved for PPP Loan of amount $353,280, the current approved amount is $353,280. The loan was approved on 04/14/2020 by The Independent Bank reported 55 jobs and $353,280 was used to fund payroll.

Madcap coffee company is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Madcap coffee company

MADCAP COFFEE COMPANY

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MADCAP COFFEE COMPANY

Borrower Address

1041 FULTON ST E

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-3608

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

353280.00

Current Approval Amount

353280.00

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

55

NAICS Code

722330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

353280.00

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

357432.25

Forgiveness Date

06/24/2021

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