PPP Loan information for Valley city linen co.

$1,711,300

Valley city linen co. was initially approved for PPP Loan of amount $1,711,300, the current approved amount is $1,711,300. The loan was approved on 04/04/2020 by The Macatawa Bank reported 230 jobs and $1,711,300 was used to fund payroll.

Valley city linen co. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Valley city linen co.

VALLEY CITY LINEN CO.

Date Approved

04/04/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VALLEY CITY LINEN CO.

Borrower Address

10 DIAMOND AVE SE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49506-1456

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1711300.00

Current Approval Amount

1711300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

U

Hubzone Indicator

Y

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

49506-1456

CD

MI-03

Jobs Reported

230

NAICS Code

812331

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1711300.00

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

Subchapter S Corporation

Originating Lender Location Id

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1722505.50

Forgiveness Date

12/10/2020

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