PPP Loan information for Hydro-chem systems, inc.

$740,200

Hydro-chem systems, inc. was initially approved for PPP Loan of amount $740,200, the current approved amount is $740,200. The loan was approved on 04/06/2020 by The Lake Michigan CU reported 50 jobs and $740,200 was used to fund payroll.

Hydro-chem systems, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Caledonia / Hydro-chem systems, inc.

HYDRO-CHEM SYSTEMS, INC.

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

HYDRO-CHEM SYSTEMS, INC.

Borrower Address

6605 Broadmoor Ave SE

Borrower City

Caledonia

Borrower State

MI

Borrower Zip

49316-9511

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

740200.00

Current Approval Amount

740200.00

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

50

NAICS Code

333318

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

740200.00

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

Unanswered

Non Profit

Forgiveness Amount

745114.11

Forgiveness Date

12/10/2020

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