PPP Loan information for Ric's food center - cannon ltd

$195,600

Ric's food center - cannon ltd was initially approved for PPP Loan of amount $195,600, the current approved amount is $195,600. The loan was approved on 04/08/2020 by The Isabella Bank reported 52 jobs and $195,600 was used to fund payroll.

Ric's food center - cannon ltd is Existing or more than 2 years old

PPP Loan Search / MI / ROCKFORD / Ric's food center - cannon ltd

RIC'S FOOD CENTER - CANNON LTD

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RIC'S FOOD CENTER - CANNON LTD

Borrower Address

6767 Belding Rd. NE

Borrower City

ROCKFORD

Borrower State

MI

Borrower Zip

49341-7653

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

195600.00

Current Approval Amount

195600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36147

Servicing Lender Name

Isabella Bank

Servicing Lender Address

139 E Broadway

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

MI

Servicing Lender Zip

48858-2312

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCKFORD

Project County Name

KENT

Project State

MI

Project Zip

49341-7653

CD

MI-03

Jobs Reported

52

NAICS Code

445110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15000.00

Payroll Proceed

148600.00

Mortgage Interest Proceed

0.00

Rent Proceed

22000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

10000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36147

Originating Lender

Isabella Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

197995.43

Forgiveness Date

07/09/2021

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