PPP Loan information for Dynamic wood products, incorporated

$943,146

Dynamic wood products, incorporated was initially approved for PPP Loan of amount $943,146, the current approved amount is $943,146. The loan was approved on 04/07/2020 by The Mercantile Bank reported 100 jobs and $943,146 was used to fund payroll.

Dynamic wood products, incorporated is Existing or more than 2 years old

PPP Loan Search / MI / SARANAC / Dynamic wood products, incorporated

DYNAMIC WOOD PRODUCTS, INCORPORATED

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DYNAMIC WOOD PRODUCTS, INCORPORATED

Borrower Address

533 Pinckney RD

Borrower City

SARANAC

Borrower State

MI

Borrower Zip

48881-9484

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

943146.00

Current Approval Amount

943146.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SARANAC

Project County Name

IONIA

Project State

MI

Project Zip

48881-9484

CD

MI-02

Jobs Reported

100

NAICS Code

337211

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

26000.00

Payroll Proceed

816146.00

Mortgage Interest Proceed

0.00

Rent Proceed

4000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

86000.00

Debt Interest Proceed

11000

Business Type

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

951673.07

Forgiveness Date

03/10/2021

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