PPP Loan information for Presto distributing inc.

$1,262,507

Presto distributing inc. was initially approved for PPP Loan of amount $1,262,507, the current approved amount is $1,262,507. The loan was approved on 01/30/2021 by The JPMorgan Chase Bank, National Association reported 39 jobs and $1,262,507 was used to fund payroll.

Presto distributing inc. is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Presto distributing inc.

PRESTO DISTRIBUTING INC.

Date Approved

01/30/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

PRESTO DISTRIBUTING INC.

Borrower Address

4595 Broadmoor Ave SE Ste 200

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49512-5448

Loan Status Date

11/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1262507.00

Current Approval Amount

1262507.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

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

49512-5448

CD

MI-03

Jobs Reported

39

NAICS Code

424990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1262504.00

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

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1271614.59

Forgiveness Date

10/26/2021

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