PPP Loan information for Michigan brand inc.

$1,229,531

Michigan brand inc. was initially approved for PPP Loan of amount $1,229,531, the current approved amount is $1,229,531. The loan was approved on 02/04/2021 by The 1st State Bank reported 239 jobs and $1,229,531 was used to fund payroll.

Michigan brand inc. is Existing or more than 2 years old

PPP Loan Search / MI / Frankenmuth / Michigan brand inc.

MICHIGAN BRAND INC.

Date Approved

02/04/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MICHIGAN BRAND INC.

Borrower Address

320 Heinlein Strasse

Borrower City

Frankenmuth

Borrower State

MI

Borrower Zip

48734-1940

Loan Status Date

06/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1229531.00

Current Approval Amount

1229531.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378002

Servicing Lender Name

1st State Bank

Servicing Lender Address

4800 Fashion Square Blvd, Ste 100

Servicing Lender City

SAGINAW

Servicing Lender State

MI

Servicing Lender Zip

48604-2619

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Frankenmuth

Project County Name

SAGINAW

Project State

MI

Project Zip

48734-1940

CD

MI-04

Jobs Reported

239

NAICS Code

424470

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1229526.00

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

378002

Originating Lender

1st State Bank

Originating Lender City

SAGINAW

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1245788.13

Forgiveness Date

05/31/2022

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