PPP Loan information for Margolis nursery, inc.

$387,860

Margolis nursery, inc. was initially approved for PPP Loan of amount $387,860, the current approved amount is $387,860. The loan was approved on 04/09/2020 by The Chelsea State Bank reported 72 jobs and $387,860 was used to fund payroll.

Margolis nursery, inc. is Existing or more than 2 years old

PPP Loan Search / MI / YPSILANTI / Margolis nursery, inc.

MARGOLIS NURSERY, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MARGOLIS NURSERY, INC.

Borrower Address

9600 CHERRY HILL RD

Borrower City

YPSILANTI

Borrower State

MI

Borrower Zip

48198-9420

Loan Status Date

01/29/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

387860.00

Current Approval Amount

387860.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33691

Servicing Lender Name

Chelsea State Bank

Servicing Lender Address

1010 S Main St

Servicing Lender City

CHELSEA

Servicing Lender State

MI

Servicing Lender Zip

48118-1435

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

YPSILANTI

Project County Name

WASHTENAW

Project State

MI

Project Zip

48198-9420

CD

MI-06

Jobs Reported

72

NAICS Code

444220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1000.00

Payroll Proceed

366860.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

33691

Originating Lender

Chelsea State Bank

Originating Lender City

CHELSEA

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

392875.61

Forgiveness Date

08/03/2021

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