PPP Loan information for Merchant investments inc

$2,000,000

Merchant investments inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/19/2021 by The Northwest Bank reported 500 jobs and $2,000,000 was used to fund payroll.

Merchant investments inc is Existing or more than 2 years old

PPP Loan Search / IA / Des Moines / Merchant investments inc

MERCHANT INVESTMENTS INC

Date Approved

02/19/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

MERCHANT INVESTMENTS INC

Borrower Address

2222 Grand Ave

Borrower City

Des Moines

Borrower State

IA

Borrower Zip

50312-5339

Loan Status Date

02/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Jimmy John's

Servicing Lender Location Id

82664

Servicing Lender Name

Northwest Bank

Servicing Lender Address

705 Grand Ave

Servicing Lender City

SPENCER

Servicing Lender State

IA

Servicing Lender Zip

51301-3707

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Des Moines

Project County Name

POLK

Project State

IA

Project Zip

50312-5339

CD

IA-03

Jobs Reported

500

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

82664

Originating Lender

Northwest Bank

Originating Lender City

SPENCER

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2017444.44

Forgiveness Date

01/04/2022

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