PPP Loan information for Downtown ferndale bike shop, inc.

$24,500

Downtown ferndale bike shop, inc. was initially approved for PPP Loan of amount $24,500, the current approved amount is $24,500. The loan was approved on 04/29/2020 by The Live Oak Banking Company reported 3 jobs and $24,500 was used to fund payroll.

Downtown ferndale bike shop, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Ferndale / Downtown ferndale bike shop, inc.

DOWNTOWN FERNDALE BIKE SHOP, INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DOWNTOWN FERNDALE BIKE SHOP, INC.

Borrower Address

163 W Nine Mile Rd

Borrower City

Ferndale

Borrower State

MI

Borrower Zip

48220

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

24500.00

Current Approval Amount

24500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

455644

Servicing Lender Name

Live Oak Banking Company

Servicing Lender Address

1741 Tiburon Dr

Servicing Lender City

WILMINGTON

Servicing Lender State

NC

Servicing Lender Zip

28403-6244

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Ferndale

Project County Name

OAKLAND

Project State

MI

Project Zip

48220-0001

CD

MI-11

Jobs Reported

3

NAICS Code

451110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

24500.00

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

455644

Originating Lender

Live Oak Banking Company

Originating Lender City

WILMINGTON

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

24704.73

Forgiveness Date

03/08/2021

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