PPP Loan information for Jerry's tire & auto service inc

$470,700

Jerry's tire & auto service inc was initially approved for PPP Loan of amount $470,700, the current approved amount is $470,700. The loan was approved on 04/05/2020 by The Union Bank reported 50 jobs and $470,700 was used to fund payroll.

Jerry's tire & auto service inc is Existing or more than 2 years old

PPP Loan Search / MI / LAKE ODESSA / Jerry's tire & auto service inc

JERRY'S TIRE & AUTO SERVICE INC

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

JERRY'S TIRE & AUTO SERVICE INC

Borrower Address

1413 2ND ST

Borrower City

LAKE ODESSA

Borrower State

MI

Borrower Zip

48849-1121

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

470700.00

Current Approval Amount

470700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35975

Servicing Lender Name

Union Bank

Servicing Lender Address

933 4th Ave

Servicing Lender City

LAKE ODESSA

Servicing Lender State

MI

Servicing Lender Zip

48849-1020

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAKE ODESSA

Project County Name

IONIA

Project State

MI

Project Zip

48849-1121

CD

MI-02

Jobs Reported

50

NAICS Code

423130

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

40000.00

Payroll Proceed

375000.00

Mortgage Interest Proceed

15700.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

35975

Originating Lender

Union Bank

Originating Lender City

LAKE ODESSA

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

473641.88

Forgiveness Date

11/25/2020

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