PPP Loan information for Vibration research corporation

$820,417

Vibration research corporation was initially approved for PPP Loan of amount $820,417, the current approved amount is $820,417. The loan was approved on 04/08/2020 by The Mercantile Bank reported 47 jobs and $820,417 was used to fund payroll.

Vibration research corporation is Existing or more than 2 years old

PPP Loan Search / MI / JENISON / Vibration research corporation

VIBRATION RESEARCH CORPORATION

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VIBRATION RESEARCH CORPORATION

Borrower Address

1294 CHICAGO DR

Borrower City

JENISON

Borrower State

MI

Borrower Zip

49428-9308

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

820417.00

Current Approval Amount

820417.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

JENISON

Project County Name

OTTAWA

Project State

MI

Project Zip

49428-9308

CD

MI-02

Jobs Reported

47

NAICS Code

334118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5800.00

Payroll Proceed

719039.00

Mortgage Interest Proceed

0.00

Rent Proceed

24000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

71578.00

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

825631.71

Forgiveness Date

12/02/2020

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