PPP Loan information for United methodist community house

$333,733

United methodist community house was initially approved for PPP Loan of amount $333,733, the current approved amount is $333,733. The loan was approved on 04/07/2020 by The Mercantile Bank reported 61 jobs and $333,733 was used to fund payroll.

United methodist community house is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / United methodist community house

UNITED METHODIST COMMUNITY HOUSE

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

UNITED METHODIST COMMUNITY HOUSE

Borrower Address

904 SHELDON AVESE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49507-1165

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

333732.50

Current Approval Amount

333732.50

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

49507-1165

CD

MI-03

Jobs Reported

61

NAICS Code

813110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

26725.50

Payroll Proceed

281633.00

Mortgage Interest Proceed

16126.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

9248.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

335588.60

Forgiveness Date

11/03/2020

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