PPP Loan information for Michaels & associates, inc.

$873,000

Michaels & associates, inc. was initially approved for PPP Loan of amount $873,000, the current approved amount is $873,000. The loan was approved on 04/11/2020 by The First State Bank reported 59 jobs and $873,000 was used to fund payroll.

Michaels & associates, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Michaels & associates, inc.

MICHAELS & ASSOCIATES, INC.

Date Approved

04/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MICHAELS & ASSOCIATES, INC.

Borrower Address

5470 EXECUTIVE PKWY

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49512-5510

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

873000.00

Current Approval Amount

873000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34492

Servicing Lender Name

First State Bank

Servicing Lender Address

16100 E Nine Mile Rd

Servicing Lender City

EASTPOINTE

Servicing Lender State

MI

Servicing Lender Zip

48021-2321

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49512-5510

CD

MI-03

Jobs Reported

59

NAICS Code

424490

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

873000.00

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

34492

Originating Lender

First State Bank

Originating Lender City

EASTPOINTE

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

881395.15

Forgiveness Date

03/31/2021

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