PPP Loan information for Adoption option

$281,870

Adoption option was initially approved for PPP Loan of amount $329,437, the current approved amount is $281,870. The loan was approved on 04/15/2020 by The Horizon Bank reported 49 jobs and $281,870 was used to fund payroll.

Adoption option is Existing or more than 2 years old

PPP Loan Search / MI / MIDLAND / Adoption option

ADOPTION OPTION

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ADOPTION OPTION

Borrower Address

4008 Wackerly Rd

Borrower City

MIDLAND

Borrower State

MI

Borrower Zip

48641

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

329437.00

Current Approval Amount

281870.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MIDLAND

Project County Name

MIDLAND

Project State

MI

Project Zip

48641-0991

CD

MI-08

Jobs Reported

49

NAICS Code

624110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

225496.00

Mortgage Interest Proceed

0.00

Rent Proceed

56374.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

283592.11

Forgiveness Date

12/17/2020

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