PPP Loan information for New 9, inc.

$494,557

New 9, inc. was initially approved for PPP Loan of amount $494,557, the current approved amount is $494,557. The loan was approved on 04/08/2020 by The Mercantile Bank reported 32 jobs and $494,557 was used to fund payroll.

New 9, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / New 9, inc.

NEW 9, INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

NEW 9, INC.

Borrower Address

1411 Michigan St NE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-2005

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

494557.00

Current Approval Amount

494557.00

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

49503-2005

CD

MI-03

Jobs Reported

32

NAICS Code

333249

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

427557.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

67000.00

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

498581.20

Forgiveness Date

02/09/2021

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