PPP Loan information for Central michigan inns inc.

$584,700

Central michigan inns inc. was initially approved for PPP Loan of amount $584,700, the current approved amount is $584,700. The loan was approved on 01/20/2021 by The Mercantile Bank reported 107 jobs and $584,700 was used to fund payroll.

Central michigan inns inc. is Existing or more than 2 years old

PPP Loan Search / MI / Okemos / Central michigan inns inc.

CENTRAL MICHIGAN INNS INC.

Date Approved

01/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

CENTRAL MICHIGAN INNS INC.

Borrower Address

2187 University Park Dr

Borrower City

Okemos

Borrower State

MI

Borrower Zip

48864-3975

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

584699.50

Current Approval Amount

584699.50

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

Okemos

Project County Name

INGHAM

Project State

MI

Project Zip

48864-3975

CD

MI-07

Jobs Reported

107

NAICS Code

721110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

584697.50

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

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

588063.52

Forgiveness Date

08/20/2021

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