Date Approved
04/07/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
THE MILL STEEL CO.
Borrower Address
2905 LUCERNE DR
Borrower City
GRAND RAPIDS
Borrower State
MI
Borrower Zip
49546-7160
Loan Status Date
06/11/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
5173310.00
Current Approval Amount
5072763.00
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
Servicing Lender State
Servicing Lender Zip
49504-4224
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
342
NAICS Code
423510
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
229586.00
Payroll Proceed
3842621.00
Mortgage Interest Proceed
168989.00
Rent Proceed
290528.00
Refinance EIDL Proceed
Health Care Proceed
446577.00
Debt Interest Proceed
94462
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
5129188.80
Forgiveness Date
05/25/2021