PPP Loan information for Molasses, llc

$158,655

Molasses, llc was initially approved for PPP Loan of amount $158,655, the current approved amount is $158,655. The loan was approved on 04/08/2020 by The Mercantile Bank reported 31 jobs and $158,655 was used to fund payroll.

Molasses, llc is Existing or more than 2 years old

PPP Loan Search / MI / MIDLAND / Molasses, llc

MOLASSES, LLC

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MOLASSES, LLC

Borrower Address

201 E MAIN ST

Borrower City

MIDLAND

Borrower State

MI

Borrower Zip

48640-5113

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

158655.00

Current Approval Amount

158655.00

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

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MIDLAND

Project County Name

MIDLAND

Project State

MI

Project Zip

48640-5113

CD

MI-04

Jobs Reported

31

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9150.00

Payroll Proceed

119323.00

Mortgage Interest Proceed

5700.00

Rent Proceed

20656.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

3826

Business Type

Limited Liability Company(LLC)

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

159854.69

Forgiveness Date

01/19/2021

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