PPP Loan information for Merchant automotive, l.l.c.

$208,500

Merchant automotive, l.l.c. was initially approved for PPP Loan of amount $208,500, the current approved amount is $208,500. The loan was approved on 04/10/2020 by The Macatawa Bank reported 15 jobs and $208,500 was used to fund payroll.

Merchant automotive, l.l.c. is Existing or more than 2 years old

PPP Loan Search / MI / ZEELAND / Merchant automotive, l.l.c.

MERCHANT AUTOMOTIVE, L.L.C.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MERCHANT AUTOMOTIVE, L.L.C.

Borrower Address

200 FAIRVIEW RD Suite 30

Borrower City

ZEELAND

Borrower State

MI

Borrower Zip

49464-8243

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

208500.00

Current Approval Amount

208500.00

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

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ZEELAND

Project County Name

OTTAWA

Project State

MI

Project Zip

49464-8243

CD

MI-02

Jobs Reported

15

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

208500.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

209985.21

Forgiveness Date

01/06/2021

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