PPP Loan information for Cherry republic, inc.

$1,278,500

Cherry republic, inc. was initially approved for PPP Loan of amount $1,278,500, the current approved amount is $1,278,500. The loan was approved on 04/09/2020 by The Independent Bank reported 106 jobs and $1,278,500 was used to fund payroll.

Cherry republic, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GLEN ARBOR / Cherry republic, inc.

CHERRY REPUBLIC, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

CHERRY REPUBLIC, INC.

Borrower Address

6026 s lake st

Borrower City

GLEN ARBOR

Borrower State

MI

Borrower Zip

49636-5115

Loan Status Date

04/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1278500.00

Current Approval Amount

1278500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GLEN ARBOR

Project County Name

LEELANAU

Project State

MI

Project Zip

49636-5115

CD

MI-01

Jobs Reported

106

NAICS Code

311821

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15000.00

Payroll Proceed

1212500.00

Mortgage Interest Proceed

6000.00

Rent Proceed

45000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1290304.23

Forgiveness Date

03/18/2021

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