PPP Loan information for Parallel 45 inc.

$41,844

Parallel 45 inc. was initially approved for PPP Loan of amount $41,844, the current approved amount is $41,844. The loan was approved on 02/11/2021 by The Independent Bank reported 5 jobs and $41,844 was used to fund payroll.

Parallel 45 inc. is Existing or more than 2 years old

PPP Loan Search / MI / Traverse City / Parallel 45 inc.

PARALLEL 45 INC.

Date Approved

02/11/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

PARALLEL 45 INC.

Borrower Address

1125 W Civic Center Dr

Borrower City

Traverse City

Borrower State

MI

Borrower Zip

49686-2964

Loan Status Date

11/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

41844.20

Current Approval Amount

41844.20

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Traverse City

Project County Name

GRAND TRAVERSE

Project State

MI

Project Zip

49686-2964

CD

MI-01

Jobs Reported

5

NAICS Code

711110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

41844.20

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

Non-Profit Organization

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

42134.24

Forgiveness Date

10/27/2021

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