PPP Loan information for Saint johns ford mecury sales, inc

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SAINT JOHNS FORD MECURY SALES, INC

Borrower Address

2380 US HIGHWAY 27 PO Box 154

Borrower City

SAINT JOHNS

Borrower State

MI

Borrower Zip

48879-9101

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

392067.00

Current Approval Amount

392067.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

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

SAINT JOHNS

Project County Name

CLINTON

Project State

MI

Project Zip

48879-9101

CD

MI-04

Jobs Reported

27

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

27038.00

Payroll Proceed

294050.00

Mortgage Interest Proceed

0.00

Rent Proceed

35000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

35979.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

395805.06

Forgiveness Date

03/31/2021