PPP Loan information for Rainbow grill, inc.

$490,300

Rainbow grill, inc. was initially approved for PPP Loan of amount $490,300, the current approved amount is $490,300. The loan was approved on 04/10/2020 by The Macatawa Bank reported 74 jobs and $490,300 was used to fund payroll.

Rainbow grill, inc. is Existing or more than 2 years old

PPP Loan Search / MI / HUDSONVILLE / Rainbow grill, inc.

RAINBOW GRILL, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RAINBOW GRILL, INC.

Borrower Address

4225 32ND AVE

Borrower City

HUDSONVILLE

Borrower State

MI

Borrower Zip

49426-9415

Loan Status Date

10/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

490300.00

Current Approval Amount

490300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUDSONVILLE

Project County Name

OTTAWA

Project State

MI

Project Zip

49426-9415

CD

MI-02

Jobs Reported

74

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

490300.00

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

Corporation

Originating Lender Location Id

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

497003.01

Forgiveness Date

09/02/2021

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