PPP Loan information for The materials group llc

$500,000

The materials group llc was initially approved for PPP Loan of amount $500,000, the current approved amount is $500,000. The loan was approved on 04/07/2020 by The Mercantile Bank reported 24 jobs and $500,000 was used to fund payroll.

The materials group llc is Existing or more than 2 years old

PPP Loan Search / MI / ROCKFORD / The materials group llc

THE MATERIALS GROUP LLC

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

THE MATERIALS GROUP LLC

Borrower Address

575 BYRNE INDUSTRIAL DR

Borrower City

ROCKFORD

Borrower State

MI

Borrower Zip

49341-1085

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

500000.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCKFORD

Project County Name

KENT

Project State

MI

Project Zip

49341-1085

CD

MI-03

Jobs Reported

24

NAICS Code

424610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

11200.00

Payroll Proceed

428600.00

Mortgage Interest Proceed

0.00

Rent Proceed

30200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

30000

Business Type

Partnership

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

503273.97

Forgiveness Date

12/09/2020

;