PPP Loan information for Coastal food systems inc.

$122,468

Coastal food systems inc. was initially approved for PPP Loan of amount $122,468, the current approved amount is $122,468. The loan was approved on 04/09/2020 by The United Bank of Michigan reported 40 jobs and $122,468 was used to fund payroll.

Coastal food systems inc. is Change of Ownership

PPP Loan Search / MI / SOUTH HAVEN / Coastal food systems inc.

COASTAL FOOD SYSTEMS INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

COASTAL FOOD SYSTEMS INC.

Borrower Address

261 73rd St

Borrower City

SOUTH HAVEN

Borrower State

MI

Borrower Zip

49090-7907

Loan Status Date

03/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

122467.50

Current Approval Amount

122467.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36555

Servicing Lender Name

United Bank of Michigan

Servicing Lender Address

900 E Paris Ave SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49546-3676

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Change of Ownership

Project City

SOUTH HAVEN

Project County Name

VAN BUREN

Project State

MI

Project Zip

49090-7907

CD

MI-04

Jobs Reported

40

NAICS Code

722511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2807.50

Payroll Proceed

91851.00

Mortgage Interest Proceed

5309.00

Rent Proceed

22500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36555

Originating Lender

United Bank of Michigan

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

123535.69

Forgiveness Date

02/25/2021

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