PPP Loan information for Merchandise outlet inc

$465,100

Merchandise outlet inc was initially approved for PPP Loan of amount $465,100, the current approved amount is $465,100. The loan was approved on 04/10/2020 by The Isabella Bank reported 105 jobs and $465,100 was used to fund payroll.

Merchandise outlet inc is Existing or more than 2 years old

PPP Loan Search / MI / MOUNT PLEASANT / Merchandise outlet inc

MERCHANDISE OUTLET INC

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MERCHANDISE OUTLET INC

Borrower Address

2467 E REMUS RD

Borrower City

MOUNT PLEASANT

Borrower State

MI

Borrower Zip

48858-3075

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

465100.00

Current Approval Amount

465100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36147

Servicing Lender Name

Isabella Bank

Servicing Lender Address

139 E Broadway

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

MI

Servicing Lender Zip

48858-2312

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOUNT PLEASANT

Project County Name

ISABELLA

Project State

MI

Project Zip

48858-3075

CD

MI-02

Jobs Reported

105

NAICS Code

452210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

32500.00

Payroll Proceed

432600.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36147

Originating Lender

Isabella Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

469062.91

Forgiveness Date

02/23/2021

;