PPP Loan information for Profile industrial packaging corporation

$1,716,450

Profile industrial packaging corporation was initially approved for PPP Loan of amount $1,716,450, the current approved amount is $1,716,450. The loan was approved on 04/07/2020 by The Mercantile Bank reported 154 jobs and $1,716,450 was used to fund payroll.

Profile industrial packaging corporation is Existing or more than 2 years old

PROFILE INDUSTRIAL PACKAGING CORPORATION

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

1716450.00

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

49544-1936

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

0.00

Rent Proceed

160000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

140000.00

Debt Interest Proceed

100000

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

1739680.86

Forgiveness Date

08/23/2021

;