PPP Loan information for Paradise motor sales, inc.

$182,946

Paradise motor sales, inc. was initially approved for PPP Loan of amount $182,946, the current approved amount is $182,946. The loan was approved on 04/08/2020 by The Mercantile Bank reported 16 jobs and $182,946 was used to fund payroll.

Paradise motor sales, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LANSING / Paradise motor sales, inc.

PARADISE MOTOR SALES, INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PARADISE MOTOR SALES, INC.

Borrower Address

5520 SOUTH PENNSYLVANIA

Borrower City

LANSING

Borrower State

MI

Borrower Zip

48911-4012

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

182946.00

Current Approval Amount

182946.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

LANSING

Project County Name

INGHAM

Project State

MI

Project Zip

48911-4012

CD

MI-07

Jobs Reported

16

NAICS Code

532112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

150646.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

7300.00

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

185261.65

Forgiveness Date

07/21/2021

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