PPP Loan information for Merchants & medical credit corporation, inc.

$891,107

Merchants & medical credit corporation, inc. was initially approved for PPP Loan of amount $891,107, the current approved amount is $891,107. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 87 jobs and $891,107 was used to fund payroll.

Merchants & medical credit corporation, inc. is Existing or more than 2 years old

PPP Loan Search / MI / FLINT / Merchants & medical credit corporation, inc.

MERCHANTS & MEDICAL CREDIT CORPORATION, INC.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MERCHANTS & MEDICAL CREDIT CORPORATION, INC.

Borrower Address

6324 TAYLOR DR

Borrower City

FLINT

Borrower State

MI

Borrower Zip

48507

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

891107.00

Current Approval Amount

891107.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FLINT

Project County Name

GENESEE

Project State

MI

Project Zip

48507-0001

CD

MI-08

Jobs Reported

87

NAICS Code

561440

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3492.00

Payroll Proceed

828210.00

Mortgage Interest Proceed

0.00

Rent Proceed

26000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

33405.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

897559.60

Forgiveness Date

01/25/2021

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