PPP Loan information for Merchant excavating inc

$181,200

Merchant excavating inc was initially approved for PPP Loan of amount $181,200, the current approved amount is $181,200. The loan was approved on 04/03/2020 by The Commercial Bank reported 19 jobs and $181,200 was used to fund payroll.

Merchant excavating inc is Existing or more than 2 years old

PPP Loan Search / MI / ALMA / Merchant excavating inc

MERCHANT EXCAVATING INC

Date Approved

04/03/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MERCHANT EXCAVATING INC

Borrower Address

4040 STATE RD

Borrower City

ALMA

Borrower State

MI

Borrower Zip

48801-9744

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

181200.00

Current Approval Amount

181200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33538

Servicing Lender Name

Commercial Bank

Servicing Lender Address

301 N State St

Servicing Lender City

ALMA

Servicing Lender State

MI

Servicing Lender Zip

48801-1634

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALMA

Project County Name

GRATIOT

Project State

MI

Project Zip

48801-9744

CD

MI-02

Jobs Reported

19

NAICS Code

238910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1925.00

Payroll Proceed

145000.00

Mortgage Interest Proceed

13600.00

Rent Proceed

7415.00

Refinance EIDL Proceed

0.00

Health Care Proceed

13260.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

33538

Originating Lender

Commercial Bank

Originating Lender City

ALMA

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

182763.78

Forgiveness Date

02/22/2021

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