PPP Loan information for Berg investments inc

$697,530

Berg investments inc was initially approved for PPP Loan of amount $697,530, the current approved amount is $697,530. The loan was approved on 04/14/2020 by The Mercantile Bank reported 119 jobs and $697,530 was used to fund payroll.

Berg investments inc is Existing or more than 2 years old

PPP Loan Search / MI / LOWELL / Berg investments inc

BERG INVESTMENTS INC

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BERG INVESTMENTS INC

Borrower Address

1300 W MAIN ST

Borrower City

LOWELL

Borrower State

MI

Borrower Zip

49331-1512

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

697530.00

Current Approval Amount

697530.00

Undisbursed Amount

0.00

Franchise Name

McDonalds

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

LOWELL

Project County Name

KENT

Project State

MI

Project Zip

49331-1512

CD

MI-03

Jobs Reported

119

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

32436.00

Payroll Proceed

523147.00

Mortgage Interest Proceed

37657.00

Rent Proceed

77424.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20677.00

Debt Interest Proceed

6189

Business Type

Subchapter S 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

702020.95

Forgiveness Date

12/09/2020

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