PPP Loan information for Rich magnus excavating

$18,693

Rich magnus excavating was initially approved for PPP Loan of amount $18,693, the current approved amount is $18,693. The loan was approved on 04/27/2020 by The Mercantile Bank reported 2 jobs and $18,693 was used to fund payroll.

Rich magnus excavating is Existing or more than 2 years old

PPP Loan Search / MI / CLARE / Rich magnus excavating

RICH MAGNUS EXCAVATING

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RICH MAGNUS EXCAVATING

Borrower Address

9790 BEAVERTON RD

Borrower City

CLARE

Borrower State

MI

Borrower Zip

48617-9693

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

18692.50

Current Approval Amount

18692.50

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CLARE

Project County Name

CLARE

Project State

MI

Project Zip

48617-9693

CD

MI-02

Jobs Reported

2

NAICS Code

238910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2442.50

Payroll Proceed

16250.00

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

Sole Proprietorship

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

18810.80

Forgiveness Date

12/16/2020

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