PPP Loan information for Design 1 inc.

$1,539,143

Design 1 inc. was initially approved for PPP Loan of amount $1,539,143, the current approved amount is $1,539,143. The loan was approved on 01/21/2021 by The Mercantile Bank reported 163 jobs and $1,539,143 was used to fund payroll.

Design 1 inc. is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Design 1 inc.

DESIGN 1 INC.

Date Approved

01/21/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

DESIGN 1 INC.

Borrower Address

4485 Plainfield Ave NE Ofc 108

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49525-1605

Loan Status Date

02/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1539142.50

Current Approval Amount

1539142.50

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

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49525-1605

CD

MI-03

Jobs Reported

163

NAICS Code

812112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1539140.50

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

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1554660.43

Forgiveness Date

01/28/2022

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