Date Approved
01/26/2021
SBA Office Code
0515
Processing Method
PPS
Borrower Name
THE HERB RITSEMA COMPANY
Borrower Address
3000 Dormax St SW
Borrower City
Grandville
Borrower State
MI
Borrower Zip
49418-1168
Loan Status Date
02/10/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
1273475.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
98993
Servicing Lender Name
Lake Michigan CU
Servicing Lender Address
5540 Glenwood Hills Pkwy SE
Servicing Lender City
GRAND RAPIDS
Servicing Lender State
Servicing Lender Zip
49512-2044
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
KENT
Project State
Project Zip
CD
MI-02
Jobs Reported
110
NAICS Code
238310
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Unanswered
Non Profit
Forgiveness Amount
1286068.25
Forgiveness Date
01/19/2022