PPP Loan information for Rite-way plumbing & heating inc.

$2,000,000

Rite-way plumbing & heating inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/30/2021 by The Mercantile Bank reported 63 jobs and $2,000,000 was used to fund payroll.

Rite-way plumbing & heating inc. is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Rite-way plumbing & heating inc.

RITE-WAY PLUMBING & HEATING INC.

Date Approved

01/30/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

RITE-WAY PLUMBING & HEATING INC.

Borrower Address

2083 Walker Ct NW

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49544-1411

Loan Status Date

01/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

49544-1411

CD

MI-03

Jobs Reported

63

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999997.00

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

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2017260.27

Forgiveness Date

12/14/2021

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