PPP Loan information for Metro detroit franchise corp

$179,560

Metro detroit franchise corp was initially approved for PPP Loan of amount $179,560, the current approved amount is $179,560. The loan was approved on 01/29/2021 by The Mercantile Bank reported 55 jobs and $179,560 was used to fund payroll.

Metro detroit franchise corp is Existing or more than 2 years old

PPP Loan Search / MI / Rochester / Metro detroit franchise corp

METRO DETROIT FRANCHISE CORP

Date Approved

01/29/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

METRO DETROIT FRANCHISE CORP

Borrower Address

3714 Hogan Cir

Borrower City

Rochester

Borrower State

MI

Borrower Zip

48307-5092

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

179560.00

Current Approval Amount

179560.00

Undisbursed Amount

0.00

Franchise Name

LaVida Massage

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rochester

Project County Name

OAKLAND

Project State

MI

Project Zip

48307-5092

CD

MI-10

Jobs Reported

55

NAICS Code

812199

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

179560.00

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

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

180980.71

Forgiveness Date

11/16/2021

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