PPP Loan information for Hydro-chem systems esop trust

$686,262

Hydro-chem systems esop trust was initially approved for PPP Loan of amount $686,262, the current approved amount is $686,262. The loan was approved on 02/05/2021 by The Lake Michigan CU reported 49 jobs and $686,262 was used to fund payroll.

Hydro-chem systems esop trust is Existing or more than 2 years old

PPP Loan Search / MI / Caledonia / Hydro-chem systems esop trust

HYDRO-CHEM SYSTEMS ESOP TRUST

Date Approved

02/05/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

HYDRO-CHEM SYSTEMS ESOP TRUST

Borrower Address

6605 Broadmoor Ave SE

Borrower City

Caledonia

Borrower State

MI

Borrower Zip

49316-9511

Loan Status Date

10/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

686262.00

Current Approval Amount

686262.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98993

Servicing Lender Name

Lake Michigan CU

Servicing Lender Address

5540 Glenwood Hills Pkwy SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49512-2044

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Caledonia

Project County Name

KENT

Project State

MI

Project Zip

49316-9511

CD

MI-03

Jobs Reported

49

NAICS Code

325611

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

686262.00

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

98993

Originating Lender

Lake Michigan CU

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

690417.70

Forgiveness Date

09/20/2021

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