Date Approved
04/27/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
SOWLE PROPERTIES, INC.
Borrower Address
312 W Chapel Lane
Borrower City
MIDLAND
Borrower State
MI
Borrower Zip
48640-7327
Loan Status Date
03/23/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
87600.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
378002
Servicing Lender Name
1st State Bank
Servicing Lender Address
4800 Fashion Square Blvd, Ste 100
Servicing Lender City
SAGINAW
Servicing Lender State
Servicing Lender Zip
48604-2619
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
Project State
Project Zip
CD
MI-04
Jobs Reported
10
NAICS Code
236220
Race
Asian
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
82000.00
Mortgage Interest Proceed
Rent Proceed
500.00
Refinance EIDL Proceed
Health Care Proceed
5100.00
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Unanswered
Non Profit
Forgiveness Amount
88278.90
Forgiveness Date
02/03/2021