PPP Loan information for Formulafolio investment llc

$1,817,450

Formulafolio investment llc was initially approved for PPP Loan of amount $1,817,450, the current approved amount is $1,817,450. The loan was approved on 04/14/2020 by The The Huntington National Bank reported 87 jobs and $1,817,450 was used to fund payroll.

Formulafolio investment llc is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Formulafolio investment llc

FORMULAFOLIO INVESTMENT LLC

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FORMULAFOLIO INVESTMENT LLC

Borrower Address

89 Ionia Ave NW STE 600

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503

Loan Status Date

06/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1817450.00

Current Approval Amount

1817450.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49503-0001

CD

MI-02

Jobs Reported

87

NAICS Code

523920

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1817450.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1601479.10

Forgiveness Date

03/18/2021

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