PPP Loan information for Mortgage 1, inc.

$3,855,119

Mortgage 1, inc. was initially approved for PPP Loan of amount $3,855,119, the current approved amount is $3,855,119. The loan was approved on 04/27/2020 by The Oxford Bank reported 270 jobs and $3,855,119 was used to fund payroll.

Mortgage 1, inc. is Existing or more than 2 years old

PPP Loan Search / MI / STERLING HEIGHTS / Mortgage 1, inc.

MORTGAGE 1, INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MORTGAGE 1, INC.

Borrower Address

43456 MOUND RD

Borrower City

STERLING HEIGHTS

Borrower State

MI

Borrower Zip

48314-2080

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3855118.54

Current Approval Amount

3855118.54

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36206

Servicing Lender Name

Oxford Bank

Servicing Lender Address

60 S Washington St

Servicing Lender City

OXFORD

Servicing Lender State

MI

Servicing Lender Zip

48371-4972

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

STERLING HEIGHTS

Project County Name

MACOMB

Project State

MI

Project Zip

48314-2080

CD

MI-10

Jobs Reported

270

NAICS Code

522310

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3855118.54

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

36206

Originating Lender

Oxford Bank

Originating Lender City

OXFORD

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3899773.66

Forgiveness Date

06/22/2021

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