PPP Loan information for Rite-way plumbing & heating, inc.

$2,091,177

Rite-way plumbing & heating, inc. was initially approved for PPP Loan of amount $2,091,177, the current approved amount is $2,091,177. The loan was approved on 04/07/2020 by The Mercantile Bank reported 94 jobs and $2,091,177 was used to fund payroll.

Rite-way plumbing & heating, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Rite-way plumbing & heating, inc.

RITE-WAY PLUMBING & HEATING, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RITE-WAY PLUMBING & HEATING, INC.

Borrower Address

2083 WALKER CT NW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49544-1411

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2091177.00

Current Approval Amount

2091177.00

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49544-1411

CD

MI-03

Jobs Reported

94

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

14670.00

Payroll Proceed

1715187.00

Mortgage Interest Proceed

0.00

Rent Proceed

19500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

341820.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

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

2115411.74

Forgiveness Date

06/11/2021

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