PPP Loan information for Inventory recovery systems inc.

$76,065

Inventory recovery systems inc. was initially approved for PPP Loan of amount $76,065, the current approved amount is $76,065. The loan was approved on 04/07/2020 by The Mercantile Bank reported 6 jobs and $76,065 was used to fund payroll.

Inventory recovery systems inc. is Existing or more than 2 years old

PPP Loan Search / MI / GREENVILLE / Inventory recovery systems inc.

INVENTORY RECOVERY SYSTEMS INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

INVENTORY RECOVERY SYSTEMS INC.

Borrower Address

1515 SHEARER RD

Borrower City

GREENVILLE

Borrower State

MI

Borrower Zip

48838-8148

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

76065.40

Current Approval Amount

76065.40

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

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GREENVILLE

Project County Name

MONTCALM

Project State

MI

Project Zip

48838-8148

CD

MI-02

Jobs Reported

6

NAICS Code

441310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

18000.00

Payroll Proceed

58065.40

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

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

76623.91

Forgiveness Date

01/07/2021

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