PPP Loan information for Newsnet llc

$98,754

Newsnet llc was initially approved for PPP Loan of amount $98,754, the current approved amount is $98,754. The loan was approved on 01/21/2021 by The Mercantile Bank reported 21 jobs and $98,754 was used to fund payroll.

Newsnet llc is Existing or more than 2 years old

PPP Loan Search / MI / Cadillac / Newsnet llc

NEWSNET LLC

Date Approved

01/21/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

NEWSNET LLC

Borrower Address

320 W 13th St

Borrower City

Cadillac

Borrower State

MI

Borrower Zip

49601-8114

Loan Status Date

01/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

98753.84

Current Approval Amount

98753.84

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

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cadillac

Project County Name

WEXFORD

Project State

MI

Project Zip

49601-8114

CD

MI-04

Jobs Reported

21

NAICS Code

519110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

98748.84

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

Limited Liability Company(LLC)

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

99606.10

Forgiveness Date

12/06/2021

;