PPP Loan information for Formed solutions inc.

$302,300

Formed solutions inc. was initially approved for PPP Loan of amount $302,300, the current approved amount is $302,300. The loan was approved on 02/04/2021 by The Macatawa Bank reported 26 jobs and $302,300 was used to fund payroll.

Formed solutions inc. is Existing or more than 2 years old

PPP Loan Search / MI / Holland / Formed solutions inc.

FORMED SOLUTIONS INC.

Date Approved

02/04/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

FORMED SOLUTIONS INC.

Borrower Address

1900 Lamar Ct

Borrower City

Holland

Borrower State

MI

Borrower Zip

49423-8750

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

302300.00

Current Approval Amount

302300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Holland

Project County Name

ALLEGAN

Project State

MI

Project Zip

49423-8750

CD

MI-02

Jobs Reported

26

NAICS Code

326199

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

302298.00

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

Corporation

Originating Lender Location Id

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

304445.09

Forgiveness Date

11/03/2021

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