PPP Loan information for Potter distributing, inc

$460,725

Potter distributing, inc was initially approved for PPP Loan of amount $460,725, the current approved amount is $460,725. The loan was approved on 04/09/2020 by The Mercantile Bank reported 26 jobs and $460,725 was used to fund payroll.

Potter distributing, inc is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Potter distributing, inc

POTTER DISTRIBUTING, INC

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

POTTER DISTRIBUTING, INC

Borrower Address

4037 ROGER B CHAFFEE BLVD SE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49548-3441

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

460725.00

Current Approval Amount

460725.00

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

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49548-3441

CD

MI-03

Jobs Reported

26

NAICS Code

423620

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10213.00

Payroll Proceed

421918.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

23594.00

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

465647.82

Forgiveness Date

05/12/2021

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