PPP Loan information for Smith distributing company

$156,700

Smith distributing company was initially approved for PPP Loan of amount $156,700, the current approved amount is $156,700. The loan was approved on 04/10/2020 by The Independent Bank reported 16 jobs and $156,700 was used to fund payroll.

Smith distributing company is Existing or more than 2 years old

PPP Loan Search / MI / BAD AXE / Smith distributing company

SMITH DISTRIBUTING COMPANY

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SMITH DISTRIBUTING COMPANY

Borrower Address

1195 E HURON AVE

Borrower City

BAD AXE

Borrower State

MI

Borrower Zip

48413-8809

Loan Status Date

12/09/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

156700.00

Current Approval Amount

156700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BAD AXE

Project County Name

HURON

Project State

MI

Project Zip

48413-8809

CD

MI-09

Jobs Reported

16

NAICS Code

312120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

156700.00

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

Corporation

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

157640.20

Forgiveness Date

11/19/2020

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