PPP Loan information for The mill steel co.

$5,072,763

The mill steel co. was initially approved for PPP Loan of amount $5,173,310, the current approved amount is $5,072,763. The loan was approved on 04/07/2020 by The Mercantile Bank reported 342 jobs and $5,072,763 was used to fund payroll.

The mill steel co. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / The mill steel co.

THE MILL STEEL CO.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

THE MILL STEEL CO.

Borrower Address

2905 LUCERNE DR

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49546-7160

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

5173310.00

Current Approval Amount

5072763.00

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

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49546-7160

CD

MI-03

Jobs Reported

342

NAICS Code

423510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

229586.00

Payroll Proceed

3842621.00

Mortgage Interest Proceed

168989.00

Rent Proceed

290528.00

Refinance EIDL Proceed

0.00

Health Care Proceed

446577.00

Debt Interest Proceed

94462

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

5129188.80

Forgiveness Date

05/25/2021

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