PPP Loan information for Tom's food center, inc.

$556,744

Tom's food center, inc. was initially approved for PPP Loan of amount $556,744, the current approved amount is $556,744. The loan was approved on 04/10/2020 by The Mercantile Bank reported 140 jobs and $556,744 was used to fund payroll.

Tom's food center, inc. is Existing or more than 2 years old

PPP Loan Search / MI / PORTLAND / Tom's food center, inc.

TOM'S FOOD CENTER, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TOM'S FOOD CENTER, INC.

Borrower Address

1462 GRAND RIVER AVE

Borrower City

PORTLAND

Borrower State

MI

Borrower Zip

48875-1632

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

556744.00

Current Approval Amount

556744.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PORTLAND

Project County Name

IONIA

Project State

MI

Project Zip

48875-1632

CD

MI-03

Jobs Reported

140

NAICS Code

445110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

556744.00

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

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

561670.80

Forgiveness Date

03/05/2021

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