PPP Loan information for Hemel's chevrolet, inc.

$119,745

Hemel's chevrolet, inc. was initially approved for PPP Loan of amount $119,745, the current approved amount is $119,745. The loan was approved on 04/07/2020 by The Mercantile Bank reported 9 jobs and $119,745 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

04/07/2020

SBA Office Code

0515

Processing Method

PPP

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

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

119745.00

Current Approval Amount

119745.00

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

9

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3886.00

Payroll Proceed

95796.00

Mortgage Interest Proceed

3940.00

Rent Proceed

8000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3072.00

Debt Interest Proceed

5051

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

120558.61

Forgiveness Date

12/15/2020

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