PPP Loan information for Avalon & tahoe mfg inc

$1,500,000

Avalon & tahoe mfg inc was initially approved for PPP Loan of amount $1,500,000, the current approved amount is $1,500,000. The loan was approved on 04/07/2020 by The Mercantile Bank reported 360 jobs and $1,500,000 was used to fund payroll.

Avalon & tahoe mfg inc is Existing or more than 2 years old

PPP Loan Search / MI / ALMA / Avalon & tahoe mfg inc

AVALON & TAHOE MFG INC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AVALON & TAHOE MFG INC

Borrower Address

903 MICHIGAN AVE

Borrower City

ALMA

Borrower State

MI

Borrower Zip

48801-1933

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1500000.00

Current Approval Amount

1500000.00

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

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALMA

Project County Name

GRATIOT

Project State

MI

Project Zip

48801-1933

CD

MI-02

Jobs Reported

360

NAICS Code

336612

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

40000.00

Payroll Proceed

1044012.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

415988.00

Debt Interest Proceed

0

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

1508383.56

Forgiveness Date

11/05/2020

;