PPP Loan information for Beacon recycling

$567,562

Beacon recycling was initially approved for PPP Loan of amount $567,562, the current approved amount is $567,562. The loan was approved on 02/11/2021 by The ChoiceOne Bank reported 43 jobs and $567,562 was used to fund payroll.

Beacon recycling is Existing or more than 2 years old

PPP Loan Search / MI / Muskegon / Beacon recycling

BEACON RECYCLING

Date Approved

02/11/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

BEACON RECYCLING

Borrower Address

1241 E Keating Ave

Borrower City

Muskegon

Borrower State

MI

Borrower Zip

49442-6020

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

567562.00

Current Approval Amount

567562.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Muskegon

Project County Name

MUSKEGON

Project State

MI

Project Zip

49442-6020

CD

MI-02

Jobs Reported

43

NAICS Code

423930

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

567556.00

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

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

570842.97

Forgiveness Date

09/29/2021

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