PPP Loan information for Spohn inc.

$100,000

Spohn inc. was initially approved for PPP Loan of amount $100,000, the current approved amount is $100,000. The loan was approved on 04/27/2020 by The Isabella Bank reported 35 jobs and $100,000 was used to fund payroll.

Spohn inc. is Existing or more than 2 years old

PPP Loan Search / MI / MOUNT PLEASANT / Spohn inc.

SPOHN INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SPOHN INC.

Borrower Address

1021 E PICKARD ST

Borrower City

MOUNT PLEASANT

Borrower State

MI

Borrower Zip

48858-1062

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

100000.00

Current Approval Amount

100000.00

Undisbursed Amount

0.00

Franchise Name

Culver's ButterBurgers & Frozen Custard

Servicing Lender Location Id

36147

Servicing Lender Name

Isabella Bank

Servicing Lender Address

139 E Broadway

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

MI

Servicing Lender Zip

48858-2312

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOUNT PLEASANT

Project County Name

ISABELLA

Project State

MI

Project Zip

48858-1062

CD

MI-02

Jobs Reported

35

NAICS Code

722513

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

80000.00

Mortgage Interest Proceed

10000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

5000

Business Type

Subchapter S Corporation

Originating Lender Location Id

36147

Originating Lender

Isabella Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

100786.30

Forgiveness Date

02/16/2021

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