PPP Loan information for Marceco ltd

$5,531,995

Marceco ltd was initially approved for PPP Loan of amount $5,531,995, the current approved amount is $5,531,995. The loan was approved on 04/08/2020 by The Mercantile Bank reported 500 jobs and $5,531,995 was used to fund payroll.

Marceco ltd is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Marceco ltd

MARCECO LTD

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MARCECO LTD

Borrower Address

3939 N. Greenbrooke Dr SE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49512-5328

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5531995.00

Current Approval Amount

5531995.00

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

49512-5328

CD

MI-03

Jobs Reported

500

NAICS Code

517312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4531995.00

Mortgage Interest Proceed

0.00

Rent Proceed

1000000.00

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

5606563.26

Forgiveness Date

08/19/2021

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