PPP Loan information for Ter-way inc

$45,960

Ter-way inc was initially approved for PPP Loan of amount $45,960, the current approved amount is $45,960. The loan was approved on 04/08/2020 by The Mercantile Bank reported 7 jobs and $45,960 was used to fund payroll.

Ter-way inc is Existing or more than 2 years old

PPP Loan Search / MI / ALMA / Ter-way inc

TER-WAY INC

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TER-WAY INC

Borrower Address

218 E SUPERIOR ST

Borrower City

ALMA

Borrower State

MI

Borrower Zip

48801-1819

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

45960.00

Current Approval Amount

45960.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALMA

Project County Name

GRATIOT

Project State

MI

Project Zip

48801-1819

CD

MI-02

Jobs Reported

7

NAICS Code

722410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3460.00

Payroll Proceed

34500.00

Mortgage Interest Proceed

500.00

Rent Proceed

7500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

46244.57

Forgiveness Date

11/27/2020

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