PPP Loan information for The institute for excellence in education

$624,905

The institute for excellence in education was initially approved for PPP Loan of amount $624,905, the current approved amount is $624,905. The loan was approved on 04/08/2020 by The Mercantile Bank reported 38 jobs and $624,905 was used to fund payroll.

The institute for excellence in education is Existing or more than 2 years old

PPP Loan Search / MI / MOUNT PLEASANT / The institute for excellence in education

THE INSTITUTE FOR EXCELLENCE IN EDUCATION

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

THE INSTITUTE FOR EXCELLENCE IN EDUCATION

Borrower Address

701 W PICKARD ST SUITE M

Borrower City

MOUNT PLEASANT

Borrower State

MI

Borrower Zip

48858-1778

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

624905.00

Current Approval Amount

624905.00

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

MOUNT PLEASANT

Project County Name

ISABELLA

Project State

MI

Project Zip

48858-1778

CD

MI-02

Jobs Reported

38

NAICS Code

611710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

624905.00

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

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

629596.07

Forgiveness Date

01/13/2021

;