PPP Loan information for 123.net, inc.

$2,387,600

123.net, inc. was initially approved for PPP Loan of amount $2,387,600, the current approved amount is $2,387,600. The loan was approved on 04/10/2020 by The First Merchants Bank reported 160 jobs and $2,387,600 was used to fund payroll.

123.net, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Southfield / 123.net, inc.

123.NET, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

123.NET, INC.

Borrower Address

24700 Northwestner Highway, Suite 700

Borrower City

Southfield

Borrower State

MI

Borrower Zip

48075

Loan Status Date

06/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2387600.00

Current Approval Amount

2387600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Southfield

Project County Name

OAKLAND

Project State

MI

Project Zip

48075-0899

CD

MI-12

Jobs Reported

160

NAICS Code

541512

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2387600.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2413634.65

Forgiveness Date

05/21/2021

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