Date Approved
04/10/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
REDSTONE HOMES, LLC
Borrower Address
3330 GRAND RIDGE DR NE
Borrower City
GRAND RAPIDS
Borrower State
MI
Borrower Zip
49525-7033
Loan Status Date
12/11/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
280400.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
36555
Servicing Lender Name
United Bank of Michigan
Servicing Lender Address
900 E Paris Ave SE
Servicing Lender City
Servicing Lender State
Servicing Lender Zip
49546-3676
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
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
19
NAICS Code
236117
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
252360.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
28040.00
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
281965.57
Forgiveness Date
11/03/2020