PPP Loan information for Drummond island home center, inc

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DRUMMOND ISLAND HOME CENTER, INC

Borrower Address

30012 EJOHNSWOOD RD

Borrower City

DRUMMOND ISLAND

Borrower State

MI

Borrower Zip

49726-9531

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

60950.00

Current Approval Amount

60950.00

Undisbursed Amount

0.00

Franchise Name

Do it Best – Membership Agreement

Servicing Lender Location Id

36459

Servicing Lender Name

Central Savings Bank

Servicing Lender Address

511 Bingham Ave

Servicing Lender City

SAULT SAINTE MARIE

Servicing Lender State

MI

Servicing Lender Zip

49783-2101

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DRUMMOND ISLAND

Project County Name

CHIPPEWA

Project State

MI

Project Zip

49726-9531

CD

MI-01

Jobs Reported

6

NAICS Code

444110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5950.00

Payroll Proceed

50000.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36459

Originating Lender

Central Savings Bank

Originating Lender City

SAULT SAINTE MARIE

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

61352.95

Forgiveness Date

12/09/2020