Date Approved
04/07/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
OFTA LLC
Borrower Address
921 DIVISION AVE
Borrower City
GRAND RAPIDS
Borrower State
MI
Borrower Zip
49503-1401
Loan Status Date
02/19/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
1820982.50
Current Approval Amount
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
Servicing Lender State
Servicing Lender Zip
49504-4224
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
KENT
Project State
Project Zip
CD
MI-03
Jobs Reported
156
NAICS Code
524127
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
36419.65
Payroll Proceed
1365736.88
Mortgage Interest Proceed
Rent Proceed
145678.60
Refinance EIDL Proceed
Health Care Proceed
273147.37
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
1835101.35
Forgiveness Date
01/25/2021