PPP Loan information for Torch lake hospitality, inc.

$60,557

Torch lake hospitality, inc. was initially approved for PPP Loan of amount $60,557, the current approved amount is $60,557. The loan was approved on 04/28/2020 by The Mercantile Bank reported 16 jobs and $60,557 was used to fund payroll.

Torch lake hospitality, inc. is New Business or 2 years or less

PPP Loan Search / MI / BELLAIRE / Torch lake hospitality, inc.

TORCH LAKE HOSPITALITY, INC.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TORCH LAKE HOSPITALITY, INC.

Borrower Address

6340 OLD TORCH LAKE DR

Borrower City

BELLAIRE

Borrower State

MI

Borrower Zip

49615-9240

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

60557.00

Current Approval Amount

60557.00

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

New Business or 2 years or less

Project City

BELLAIRE

Project County Name

ANTRIM

Project State

MI

Project Zip

49615-9240

CD

MI-01

Jobs Reported

16

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2763.92

Payroll Proceed

45417.75

Mortgage Interest Proceed

0.00

Rent Proceed

12375.33

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S 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

60973.43

Forgiveness Date

01/07/2021

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