PPP Loan information for Michael's furniture galleries inc.

$152,039

Michael's furniture galleries inc. was initially approved for PPP Loan of amount $152,039, the current approved amount is $152,039. The loan was approved on 02/27/2021 by The First Merchants Bank reported 19 jobs and $152,039 was used to fund payroll.

Michael's furniture galleries inc. is Existing or more than 2 years old

PPP Loan Search / IN / Lafayette / Michael's furniture galleries inc.

MICHAEL'S FURNITURE GALLERIES INC.

Date Approved

02/27/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

MICHAEL'S FURNITURE GALLERIES INC.

Borrower Address

3859 South St

Borrower City

Lafayette

Borrower State

IN

Borrower Zip

47905-4872

Loan Status Date

01/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

152038.55

Current Approval Amount

152038.55

Undisbursed Amount

0.00

Franchise Name

La-Z-Boy Furniture Galleries/Laz-Z-Boy Home Furnishings and Decor (License Agreements)

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lafayette

Project County Name

TIPPECANOE

Project State

IN

Project Zip

47905-4872

CD

IN-04

Jobs Reported

19

NAICS Code

442110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

152036.55

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

153200.71

Forgiveness Date

12/09/2021

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