PPP Loan information for Hemel's chevrolet inc.

$116,635

Hemel's chevrolet inc. was initially approved for PPP Loan of amount $116,635, the current approved amount is $116,635. The loan was approved on 01/22/2021 by The Mercantile Bank reported 10 jobs and $116,635 was used to fund payroll.

Hemel's chevrolet inc. is Existing or more than 2 years old

PPP Loan Search / MI / Colon / Hemel's chevrolet inc.

HEMEL'S CHEVROLET INC.

Date Approved

01/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

HEMEL'S CHEVROLET INC.

Borrower Address

215 E State St

Borrower City

Colon

Borrower State

MI

Borrower Zip

49040-9433

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

116635.00

Current Approval Amount

116635.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

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

Colon

Project County Name

SAINT JOSEPH

Project State

MI

Project Zip

49040-9433

CD

MI-05

Jobs Reported

10

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

116632.00

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

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

117274.10

Forgiveness Date

08/12/2021

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