PPP Loan information for Reeds appliance co.

$35,265

Reeds appliance co. was initially approved for PPP Loan of amount $35,265, the current approved amount is $35,265. The loan was approved on 04/13/2020 by The ChoiceOne Bank reported 5 jobs and $35,265 was used to fund payroll.

Reeds appliance co. is Existing or more than 2 years old

PPP Loan Search / MI / LAPEER / Reeds appliance co.

REEDS APPLIANCE CO.

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

REEDS APPLIANCE CO.

Borrower Address

552 IMLAY CITY RD

Borrower City

LAPEER

Borrower State

MI

Borrower Zip

48446-3178

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

35265.00

Current Approval Amount

35265.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LAPEER

Project County Name

LAPEER

Project State

MI

Project Zip

48446-3178

CD

MI-10

Jobs Reported

5

NAICS Code

443141

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

28212.00

Mortgage Interest Proceed

0.00

Rent Proceed

7053.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

35538.42

Forgiveness Date

01/27/2021

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