PPP Loan information for Shafer redi-mix, inc.

$427,598

Shafer redi-mix, inc. was initially approved for PPP Loan of amount $427,598, the current approved amount is $427,598. The loan was approved on 04/28/2020 by The Mercantile Bank reported 45 jobs and $427,598 was used to fund payroll.

Shafer redi-mix, inc. is Existing or more than 2 years old

PPP Loan Search / MI / ALBION / Shafer redi-mix, inc.

SHAFER REDI-MIX, INC.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SHAFER REDI-MIX, INC.

Borrower Address

29150 C DR NORTH

Borrower City

ALBION

Borrower State

MI

Borrower Zip

49224-9410

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

427598.00

Current Approval Amount

427598.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALBION

Project County Name

CALHOUN

Project State

MI

Project Zip

49224-9410

CD

MI-05

Jobs Reported

45

NAICS Code

327320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

321348.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

106250.00

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

432424.59

Forgiveness Date

06/17/2021

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