Date Approved
01/23/2021
SBA Office Code
0515
Processing Method
PPS
Borrower Name
VALLEY CITY LINEN CO.
Borrower Address
10 Diamond Ave SE
Borrower City
Grand Rapids
Borrower State
MI
Borrower Zip
49506-1456
Loan Status Date
12/08/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
1697400.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
122493
Servicing Lender Name
Macatawa Bank
Servicing Lender Address
10753 Macatawa Dr
Servicing Lender City
HOLLAND
Servicing Lender State
Servicing Lender Zip
49424-9572
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
N
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
142
NAICS Code
812331
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
1697396.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
1710095.62
Forgiveness Date
11/03/2021