Date Approved
04/07/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
PROFILE INDUSTRIAL PACKAGING CORPORATION
Borrower Address
1976 AVASTAR PKWY
Borrower City
GRAND RAPIDS
Borrower State
MI
Borrower Zip
49544-1936
Loan Status Date
09/15/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
1716450.00
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
154
NAICS Code
326112
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
160000.00
Payroll Proceed
1156450.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
140000.00
Debt Interest Proceed
100000
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
1739680.86
Forgiveness Date
08/23/2021