PPP Loan information for Michaels & associates inc.

$539,500

Michaels & associates inc. was initially approved for PPP Loan of amount $539,500, the current approved amount is $539,500. The loan was approved on 02/26/2021 by The First State Bank reported 44 jobs and $539,500 was used to fund payroll.

Michaels & associates inc. is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Michaels & associates inc.

MICHAELS & ASSOCIATES INC.

Date Approved

02/26/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MICHAELS & ASSOCIATES INC.

Borrower Address

5470 Executive Pkwy SE

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49512-5510

Loan Status Date

11/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

539500.00

Current Approval Amount

539500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34492

Servicing Lender Name

First State Bank

Servicing Lender Address

16100 E Nine Mile Rd

Servicing Lender City

EASTPOINTE

Servicing Lender State

MI

Servicing Lender Zip

48021-2321

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

49512-5510

CD

MI-03

Jobs Reported

44

NAICS Code

424490

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

539500.00

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

Corporation

Originating Lender Location Id

34492

Originating Lender

First State Bank

Originating Lender City

EASTPOINTE

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

543017.84

Forgiveness Date

10/27/2021

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