PPP Loan information for Modular transporation co.

$2,000,000

Modular transporation co. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/22/2021 by The Macatawa Bank reported 180 jobs and $2,000,000 was used to fund payroll.

Modular transporation co. is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / Modular transporation co.

MODULAR TRANSPORATION CO.

Date Approved

02/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MODULAR TRANSPORATION CO.

Borrower Address

393 Mart St SW

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49548-1014

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49548-1014

CD

MI-03

Jobs Reported

180

NAICS Code

484121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999994.00

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

Subchapter S 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

2011561.64

Forgiveness Date

10/04/2021

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