PPP Loan information for State news

$115,000

State news was initially approved for PPP Loan of amount $115,000, the current approved amount is $115,000. The loan was approved on 05/04/2020 by The Michigan State University FCU reported 40 jobs and $115,000 was used to fund payroll.

State news is Existing or more than 2 years old

PPP Loan Search / MI / East Lansing / State news

STATE NEWS

Date Approved

05/04/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

STATE NEWS

Borrower Address

435 East Grand River Avenue

Borrower City

East Lansing

Borrower State

MI

Borrower Zip

48823

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

115000.00

Current Approval Amount

115000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99188

Servicing Lender Name

Michigan State University FCU

Servicing Lender Address

3777 West Rd

Servicing Lender City

EAST LANSING

Servicing Lender State

MI

Servicing Lender Zip

48823-8029

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

East Lansing

Project County Name

INGHAM

Project State

MI

Project Zip

48823-1000

CD

MI-07

Jobs Reported

40

NAICS Code

511110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

105000.00

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

Non-Profit Organization

Originating Lender Location Id

99188

Originating Lender

Michigan State University FCU

Originating Lender City

EAST LANSING

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

115935.75

Forgiveness Date

03/02/2021

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