PPP Loan information for Value added 616, inc.

$44,050

Value added 616, inc. was initially approved for PPP Loan of amount $44,050, the current approved amount is $44,050. The loan was approved on 04/28/2020 by The Independent Bank reported 6 jobs and $44,050 was used to fund payroll.

Value added 616, inc. is New Business or 2 years or less

PPP Loan Search / MI / CEDAR SPRINGS / Value added 616, inc.

VALUE ADDED 616, INC.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VALUE ADDED 616, INC.

Borrower Address

1460 WABASIS AVE NE

Borrower City

CEDAR SPRINGS

Borrower State

MI

Borrower Zip

49319-8713

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

44050.00

Current Approval Amount

44050.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

CEDAR SPRINGS

Project County Name

KENT

Project State

MI

Project Zip

49319-8713

CD

MI-02

Jobs Reported

6

NAICS Code

541890

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

44050.00

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

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

44354.13

Forgiveness Date

01/12/2021

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