PPP Loan information for Westmaas electric company

$613,468

Westmaas electric company was initially approved for PPP Loan of amount $613,468, the current approved amount is $613,468. The loan was approved on 01/22/2021 by The Mercantile Bank reported 43 jobs and $613,468 was used to fund payroll.

Westmaas electric company is Existing or more than 2 years old

PPP Loan Search / MI / Grandville / Westmaas electric company

WESTMAAS ELECTRIC COMPANY

Date Approved

01/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

WESTMAAS ELECTRIC COMPANY

Borrower Address

3025 Sangra Ave SW

Borrower City

Grandville

Borrower State

MI

Borrower Zip

49418-1153

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

613467.50

Current Approval Amount

613467.50

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

Grandville

Project County Name

KENT

Project State

MI

Project Zip

49418-1153

CD

MI-02

Jobs Reported

43

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

613465.50

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

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

618324.82

Forgiveness Date

11/09/2021

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