PPP Loan information for Foreway transportation inc

$634,387

Foreway transportation inc was initially approved for PPP Loan of amount $634,387, the current approved amount is $634,387. The loan was approved on 04/08/2020 by The Mercantile Bank reported 60 jobs and $634,387 was used to fund payroll.

Foreway transportation inc is Existing or more than 2 years old

PPP Loan Search / MI / COOPERSVILLE / Foreway transportation inc

FOREWAY TRANSPORTATION INC

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FOREWAY TRANSPORTATION INC

Borrower Address

1413 W RANDALL ST

Borrower City

COOPERSVILLE

Borrower State

MI

Borrower Zip

49404-9701

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

634387.00

Current Approval Amount

634387.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COOPERSVILLE

Project County Name

OTTAWA

Project State

MI

Project Zip

49404-9701

CD

MI-02

Jobs Reported

60

NAICS Code

484121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5367.00

Payroll Proceed

558644.00

Mortgage Interest Proceed

0.00

Rent Proceed

9800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

44015.00

Debt Interest Proceed

16561

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

638245.46

Forgiveness Date

11/24/2020

;