Date Approved
04/26/2021
SBA Office Code
0515
Processing Method
PPS
Borrower Name
MERCHANT AUTOMOTIVE L.L.C.
Borrower Address
200 N Fairview Rd
Borrower City
Zeeland
Borrower State
MI
Borrower Zip
49464-8243
Loan Status Date
12/08/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
252100.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
122493
Servicing Lender Name
Macatawa Bank
Servicing Lender Address
10753 Macatawa Dr
Servicing Lender City
HOLLAND
Servicing Lender State
Servicing Lender Zip
49424-9572
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
OTTAWA
Project State
Project Zip
CD
MI-02
Jobs Reported
18
NAICS Code
811111
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
252097.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
253343.23
Forgiveness Date
11/03/2021