PPP Loan information for Nemic industrial supply company

$216,533

Nemic industrial supply company was initially approved for PPP Loan of amount $216,533, the current approved amount is $216,533. The loan was approved on 05/12/2021 by The Customers Bank reported 17 jobs and $216,533 was used to fund payroll.

Nemic industrial supply company is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Nemic industrial supply company

NEMIC INDUSTRIAL SUPPLY COMPANY

Date Approved

05/12/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

NEMIC INDUSTRIAL SUPPLY COMPANY

Borrower Address

1547 Division Ave S N/A

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49507-1628

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

216533.00

Current Approval Amount

216533.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

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

49507-1628

CD

MI-03

Jobs Reported

17

NAICS Code

423840

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

216529.00

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

262380

Originating Lender

Leader Bank, National Association

Originating Lender City

ARLINGTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

218431.37

Forgiveness Date

05/17/2022

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