Date Approved
04/15/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
CANADIAN LAKES PROPERTY OWNERS CORPORATION
Borrower Address
10690 PIERCE RD
Borrower City
STANWOOD
Borrower State
MI
Borrower Zip
49346-9098
Loan Status Date
12/17/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
337295.00
Current Approval Amount
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
Servicing Lender Zip
49504-4224
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MECOSTA
Project State
Project Zip
CD
MI-02
Jobs Reported
20
NAICS Code
813990
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
11000.00
Payroll Proceed
269053.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
57242.00
Debt Interest Proceed
0
Business Type
Non-Profit Organization
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Y
Forgiveness Amount
339115.47
Forgiveness Date
11/03/2020