PPP Loan information for Lambert & co.

$1,249,547

Lambert & co. was initially approved for PPP Loan of amount $1,249,547, the current approved amount is $1,249,547. The loan was approved on 04/07/2020 by The Mercantile Bank reported 78 jobs and $1,249,547 was used to fund payroll.

Lambert & co. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Lambert & co.

LAMBERT & CO.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LAMBERT & CO.

Borrower Address

47 Commerce Ave SW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-4124

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1249547.00

Current Approval Amount

1249547.00

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

Y

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

49503-4124

CD

MI-03

Jobs Reported

78

NAICS Code

541820

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

17230.00

Payroll Proceed

1045393.25

Mortgage Interest Proceed

0.00

Rent Proceed

106312.50

Refinance EIDL Proceed

0.00

Health Care Proceed

68085.00

Debt Interest Proceed

12526.25

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

1257489.33

Forgiveness Date

12/02/2020

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