PPP Loan information for Reliable auto finance, inc.

$305,690

Reliable auto finance, inc. was initially approved for PPP Loan of amount $305,690, the current approved amount is $305,690. The loan was approved on 04/07/2020 by The Mercantile Bank reported 26 jobs and $305,690 was used to fund payroll.

Reliable auto finance, inc. is Existing or more than 2 years old

PPP Loan Search / MI / WYOMING / Reliable auto finance, inc.

RELIABLE AUTO FINANCE, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RELIABLE AUTO FINANCE, INC.

Borrower Address

1515 28th Street SW

Borrower City

WYOMING

Borrower State

MI

Borrower Zip

49509-2707

Loan Status Date

02/03/2023

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

305690.44

Current Approval Amount

305690.44

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

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WYOMING

Project County Name

KENT

Project State

MI

Project Zip

49509-2707

CD

MI-03

Jobs Reported

26

NAICS Code

522220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3500.00

Payroll Proceed

238030.44

Mortgage Interest Proceed

0.00

Rent Proceed

22660.00

Refinance EIDL Proceed

0.00

Health Care Proceed

17500.00

Debt Interest Proceed

24000

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

251225.61

Forgiveness Date

01/05/2023

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