PPP Loan information for R-factor inc.

$420,392

R-factor inc. was initially approved for PPP Loan of amount $420,392, the current approved amount is $420,392. The loan was approved on 01/17/2021 by The First National Bank of Michigan reported 27 jobs and $420,392 was used to fund payroll.

R-factor inc. is Existing or more than 2 years old

PPP Loan Search / MI / Plainwell / R-factor inc.

R-FACTOR INC.

Date Approved

01/17/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

R-FACTOR INC.

Borrower Address

929 Industrial Pkwy

Borrower City

Plainwell

Borrower State

MI

Borrower Zip

49080-1401

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

420392.00

Current Approval Amount

420392.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

440800

Servicing Lender Name

First National Bank of Michigan

Servicing Lender Address

348 W Michigan Ave

Servicing Lender City

KALAMAZOO

Servicing Lender State

MI

Servicing Lender Zip

49007-3755

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Plainwell

Project County Name

ALLEGAN

Project State

MI

Project Zip

49080-1401

CD

MI-06

Jobs Reported

27

NAICS Code

238290

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

420387.00

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

Subchapter S Corporation

Originating Lender Location Id

440800

Originating Lender

First National Bank of Michigan

Originating Lender City

KALAMAZOO

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

424089.15

Forgiveness Date

12/07/2021

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