Date Approved
04/09/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
MORRIS RICHARDSON REAL ESTATE INC.
Borrower Address
3148 W M 55
Borrower City
WEST BRANCH
Borrower State
MI
Borrower Zip
48661-9687
Loan Status Date
01/21/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
33432.50
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
122287
Servicing Lender Name
Mercantile Bank
Servicing Lender Address
310 Leonard St NW
Servicing Lender City
GRAND RAPIDS
Servicing Lender State
Servicing Lender Zip
49504-4224
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
OGEMAW
Project State
Project Zip
CD
MI-01
Jobs Reported
4
NAICS Code
531210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
2999.50
Payroll Proceed
19833.00
Mortgage Interest Proceed
Rent Proceed
5000.00
Refinance EIDL Proceed
Health Care Proceed
5600.00
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
33650.50
Forgiveness Date
12/10/2020