PPP Loan information for Mel trotter ministries

$1,076,600

Mel trotter ministries was initially approved for PPP Loan of amount $1,076,600, the current approved amount is $1,076,600. The loan was approved on 04/07/2020 by The Mercantile Bank reported 108 jobs and $1,076,600 was used to fund payroll.

Mel trotter ministries is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Mel trotter ministries

MEL TROTTER MINISTRIES

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MEL TROTTER MINISTRIES

Borrower Address

225 COMMERCE AVE SW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49503-4107

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1076600.00

Current Approval Amount

1076600.00

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

49503-4107

CD

MI-03

Jobs Reported

108

NAICS Code

624221

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

36660.00

Payroll Proceed

968940.00

Mortgage Interest Proceed

0.00

Rent Proceed

45000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

26000.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1083059.60

Forgiveness Date

11/19/2020

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