PPP Loan information for Mrc industries, inc.

$482,472

Mrc industries, inc. was initially approved for PPP Loan of amount $482,472, the current approved amount is $482,472. The loan was approved on 04/07/2020 by The Mercantile Bank reported 56 jobs and $482,472 was used to fund payroll.

Mrc industries, inc. is Existing or more than 2 years old

PPP Loan Search / MI / KALAMAZOO / Mrc industries, inc.

MRC INDUSTRIES, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MRC INDUSTRIES, INC.

Borrower Address

2538 S. 26th St

Borrower City

KALAMAZOO

Borrower State

MI

Borrower Zip

49048-9610

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

482472.00

Current Approval Amount

482472.00

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

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KALAMAZOO

Project County Name

KALAMAZOO

Project State

MI

Project Zip

49048-9610

CD

MI-04

Jobs Reported

56

NAICS Code

624310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

89894.00

Payroll Proceed

385978.00

Mortgage Interest Proceed

1600.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

486463.96

Forgiveness Date

02/10/2021

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