PPP Loan information for Inter-power corporation

$760,815

Inter-power corporation was initially approved for PPP Loan of amount $760,815, the current approved amount is $760,815. The loan was approved on 04/09/2020 by The ChoiceOne Bank reported 62 jobs and $760,815 was used to fund payroll.

Inter-power corporation is Existing or more than 2 years old

PPP Loan Search / MI / ALMONT / Inter-power corporation

INTER-POWER CORPORATION

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

INTER-POWER CORPORATION

Borrower Address

3578 VAN DYKE RD

Borrower City

ALMONT

Borrower State

MI

Borrower Zip

48003-8045

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

760815.00

Current Approval Amount

760815.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALMONT

Project County Name

LAPEER

Project State

MI

Project Zip

48003-8045

CD

MI-09

Jobs Reported

62

NAICS Code

333994

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

760815.00

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

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

767631.07

Forgiveness Date

03/11/2021

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