PPP Loan information for True north company, inc.

$988,400

True north company, inc. was initially approved for PPP Loan of amount $988,400, the current approved amount is $988,400. The loan was approved on 04/09/2020 by The Waterford Bank, National Association reported 225 jobs and $988,400 was used to fund payroll.

True north company, inc. is Existing or more than 2 years old

PPP Loan Search / MI / BOYNE CITY / True north company, inc.

TRUE NORTH COMPANY, INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TRUE NORTH COMPANY, INC.

Borrower Address

4475 SOMMERSET LN 24

Borrower City

BOYNE CITY

Borrower State

MI

Borrower Zip

49712-8881

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

988400.00

Current Approval Amount

988400.00

Undisbursed Amount

0.00

Franchise Name

McDonalds

Servicing Lender Location Id

449988

Servicing Lender Name

Waterford Bank, National Association

Servicing Lender Address

3900 N McCord Rd

Servicing Lender City

TOLEDO

Servicing Lender State

OH

Servicing Lender Zip

43617-1049

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BOYNE CITY

Project County Name

CHARLEVOIX

Project State

MI

Project Zip

49712-8881

CD

MI-01

Jobs Reported

225

NAICS Code

722513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

60481.00

Payroll Proceed

694008.00

Mortgage Interest Proceed

0.00

Rent Proceed

233911.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

449988

Originating Lender

Waterford Bank, National Association

Originating Lender City

TOLEDO

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

997954.53

Forgiveness Date

03/31/2021

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