PPP Loan information for Michigan rag co., inc.

$87,500

Michigan rag co., inc. was initially approved for PPP Loan of amount $87,500, the current approved amount is $87,500. The loan was approved on 06/26/2020 by The Macatawa Bank reported 22 jobs and $87,500 was used to fund payroll.

Michigan rag co., inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND HAVEN / Michigan rag co., inc.

MICHIGAN RAG CO., INC.

Date Approved

06/26/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MICHIGAN RAG CO., INC.

Borrower Address

121 WASHINGTON AVE

Borrower City

GRAND HAVEN

Borrower State

MI

Borrower Zip

49417-1354

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

87500.00

Current Approval Amount

87500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND HAVEN

Project County Name

OTTAWA

Project State

MI

Project Zip

49417-1354

CD

MI-03

Jobs Reported

22

NAICS Code

325612

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

87500.00

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

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

88379.79

Forgiveness Date

07/09/2021

;