PPP Loan information for Lanco acquisition, llc

$191,520

Lanco acquisition, llc was initially approved for PPP Loan of amount $191,520, the current approved amount is $191,520. The loan was approved on 04/09/2020 by The Mercantile Bank reported 14 jobs and $191,520 was used to fund payroll.

Lanco acquisition, llc is Existing or more than 2 years old

PPP Loan Search / MI / SPARTA / Lanco acquisition, llc

LANCO ACQUISITION, LLC

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LANCO ACQUISITION, LLC

Borrower Address

665 10 MILE RD

Borrower City

SPARTA

Borrower State

MI

Borrower Zip

49345-9459

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

191520.00

Current Approval Amount

191520.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPARTA

Project County Name

KENT

Project State

MI

Project Zip

49345-9459

CD

MI-03

Jobs Reported

14

NAICS Code

423830

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6389.16

Payroll Proceed

145424.00

Mortgage Interest Proceed

0.00

Rent Proceed

26680.00

Refinance EIDL Proceed

0.00

Health Care Proceed

7792.00

Debt Interest Proceed

5234.84

Business Type

Limited Liability Company(LLC)

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

190056.34

Forgiveness Date

11/10/2020

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