PPP Loan information for Alternate number five, inc.

$1,359,130

Alternate number five, inc. was initially approved for PPP Loan of amount $1,359,130, the current approved amount is $1,359,130. The loan was approved on 04/07/2020 by The Mercantile Bank reported 144 jobs and $1,359,130 was used to fund payroll.

Alternate number five, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND HAVEN / Alternate number five, inc.

ALTERNATE NUMBER FIVE, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ALTERNATE NUMBER FIVE, INC.

Borrower Address

11059 West Olive Rd.

Borrower City

GRAND HAVEN

Borrower State

MI

Borrower Zip

49417-9682

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1359130.00

Current Approval Amount

1359130.00

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

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND HAVEN

Project County Name

OTTAWA

Project State

MI

Project Zip

49417-9682

CD

MI-03

Jobs Reported

144

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

110000.00

Payroll Proceed

988130.00

Mortgage Interest Proceed

0.00

Rent Proceed

96000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

100000.00

Debt Interest Proceed

65000

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1370598.82

Forgiveness Date

02/18/2021

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