PPP Loan information for J& b furniture distributors, inc.

$54,013

J& b furniture distributors, inc. was initially approved for PPP Loan of amount $54,013, the current approved amount is $54,013. The loan was approved on 04/07/2020 by The Mercantile Bank reported 7 jobs and $54,013 was used to fund payroll.

J& b furniture distributors, inc. is Existing or more than 2 years old

PPP Loan Search / MI / WEST BRANCH / J& b furniture distributors, inc.

J& B FURNITURE DISTRIBUTORS, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

J& B FURNITURE DISTRIBUTORS, INC.

Borrower Address

136 S Fifth ST

Borrower City

WEST BRANCH

Borrower State

MI

Borrower Zip

48661-1302

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

54012.72

Current Approval Amount

54012.72

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

N

Business Age Description

Existing or more than 2 years old

Project City

WEST BRANCH

Project County Name

OGEMAW

Project State

MI

Project Zip

48661-1302

CD

MI-01

Jobs Reported

7

NAICS Code

453991

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

43012.72

Mortgage Interest Proceed

0.00

Rent Proceed

11000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

54356.03

Forgiveness Date

12/02/2020

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