PPP Loan information for Schuler books, inc.

$609,991

Schuler books, inc. was initially approved for PPP Loan of amount $609,991, the current approved amount is $609,991. The loan was approved on 04/07/2020 by The Mercantile Bank reported 91 jobs and $609,991 was used to fund payroll.

Schuler books, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Schuler books, inc.

SCHULER BOOKS, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SCHULER BOOKS, INC.

Borrower Address

2660 28TH ST SE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49512-1619

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

609991.00

Current Approval Amount

609991.00

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

Y

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

49512-1619

CD

MI-03

Jobs Reported

91

NAICS Code

451211

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

30527.00

Payroll Proceed

408523.00

Mortgage Interest Proceed

0.00

Rent Proceed

170941.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

613968.48

Forgiveness Date

12/09/2020

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