PPP Loan information for Merchant investments, inc

$2,285,412

Merchant investments, inc was initially approved for PPP Loan of amount $2,285,412, the current approved amount is $2,285,412. The loan was approved on 04/27/2020 by The Community State Bank reported 500 jobs and $2,285,412 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

04/27/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MERCHANT INVESTMENTS, INC

Borrower Address

2222 GRAND AVE

Borrower City

DES MOINES

Borrower State

IA

Borrower Zip

50312-5339

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2285412.00

Current Approval Amount

2285412.00

Undisbursed Amount

0.00

Franchise Name

Jimmy John's

Servicing Lender Location Id

24553

Servicing Lender Name

Community State Bank

Servicing Lender Address

817 N Ankeny Blvd

Servicing Lender City

ANKENY

Servicing Lender State

IA

Servicing Lender Zip

50023-1768

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

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2285412.00

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

24553

Originating Lender

Community State Bank

Originating Lender City

ANKENY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2310805.47

Forgiveness Date

06/11/2021

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