PPP Loan information for Michiana grocers

$61,200

Michiana grocers was initially approved for PPP Loan of amount $61,200, the current approved amount is $61,200. The loan was approved on 04/27/2020 by The 1st Source Bank reported 18 jobs and $61,200 was used to fund payroll.

Michiana grocers is New Business or 2 years or less

PPP Loan Search / IN / SOUTH BEND / Michiana grocers

MICHIANA GROCERS

Date Approved

04/27/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MICHIANA GROCERS

Borrower Address

310 Chapin St

Borrower City

SOUTH BEND

Borrower State

IN

Borrower Zip

46601

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

61200.00

Current Approval Amount

61200.00

Undisbursed Amount

0.00

Franchise Name

Save-A-Lot Food Stores - License & Supply Agreement

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

SOUTH BEND

Project County Name

ST JOSEPH

Project State

IN

Project Zip

46601-0001

CD

IN-02

Jobs Reported

18

NAICS Code

424410

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

61200.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

61732.10

Forgiveness Date

03/11/2021

;