PPP Loan information for Mcdonald acquisition, llc

$705,423

Mcdonald acquisition, llc was initially approved for PPP Loan of amount $705,423, the current approved amount is $705,423. The loan was approved on 04/06/2020 by The Mercantile Bank reported 47 jobs and $705,423 was used to fund payroll.

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

PPP Loan Search / MI / BYRON CENTER / Mcdonald acquisition, llc

MCDONALD ACQUISITION, LLC

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MCDONALD ACQUISITION, LLC

Borrower Address

8074 Clyde Park Ave SW

Borrower City

BYRON CENTER

Borrower State

MI

Borrower Zip

49315-9332

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

705422.50

Current Approval Amount

705422.50

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

BYRON CENTER

Project County Name

KENT

Project State

MI

Project Zip

49315-9332

CD

MI-03

Jobs Reported

47

NAICS Code

333514

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12500.00

Payroll Proceed

539923.00

Mortgage Interest Proceed

0.00

Rent Proceed

78000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

54999.5

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

709906.28

Forgiveness Date

12/02/2020

;