PPP Loan information for Central michigan inns, inc.

$417,642

Central michigan inns, inc. was initially approved for PPP Loan of amount $417,642, the current approved amount is $417,642. The loan was approved on 04/08/2020 by The Mercantile Bank reported 107 jobs and $417,642 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

04/08/2020

SBA Office Code

0515

Processing Method

PPP

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

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

417642.00

Current Approval Amount

417642.00

Undisbursed Amount

0.00

Franchise Name

Holiday Inn

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

7151.88

Payroll Proceed

313231.50

Mortgage Interest Proceed

97258.62

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

410311.22

Forgiveness Date

12/09/2020

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