PPP Loan information for Mcgraw construction inc.

$242,400

Mcgraw construction inc. was initially approved for PPP Loan of amount $242,400, the current approved amount is $242,400. The loan was approved on 04/07/2020 by The Mercantile Bank reported 11 jobs and $242,400 was used to fund payroll.

Mcgraw construction inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Mcgraw construction inc.

MCGRAW CONSTRUCTION INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MCGRAW CONSTRUCTION INC.

Borrower Address

1111 Godfrey Ave SW Suite N200

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-5007

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

242400.00

Current Approval Amount

242400.00

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

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

49503-5007

CD

MI-03

Jobs Reported

11

NAICS Code

236220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4000.00

Payroll Proceed

203400.00

Mortgage Interest Proceed

0.00

Rent Proceed

18000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

17000.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

245308.80

Forgiveness Date

06/28/2021

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