PPP Loan information for Innovative medical systems, inc.

$1,032,559

Innovative medical systems, inc. was initially approved for PPP Loan of amount $1,032,559, the current approved amount is $1,032,559. The loan was approved on 04/06/2020 by The Mercantile Bank reported 58 jobs and $1,032,559 was used to fund payroll.

Innovative medical systems, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Innovative medical systems, inc.

INNOVATIVE MEDICAL SYSTEMS, INC.

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

INNOVATIVE MEDICAL SYSTEMS, INC.

Borrower Address

3075 N WILSON CT NW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49534-7566

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1032559.00

Current Approval Amount

1032559.00

Undisbursed Amount

0.00

Franchise Name

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

U

Hubzone Indicator

N

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

49534-7566

CD

MI-02

Jobs Reported

58

NAICS Code

423450

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

906952.00

Mortgage Interest Proceed

0.00

Rent Proceed

27500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

93107.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1038301.73

Forgiveness Date

11/03/2020

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