PPP Loan information for Westmaas electric company

$613,467

Westmaas electric company was initially approved for PPP Loan of amount $613,467, the current approved amount is $613,467. The loan was approved on 04/08/2020 by The Mercantile Bank reported 49 jobs and $613,467 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

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

WESTMAAS ELECTRIC COMPANY

Borrower Address

3025 SANGRA AVE

Borrower City

GRANDVILLE

Borrower State

MI

Borrower Zip

49418-1153

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

613467.00

Current Approval Amount

613467.00

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

GRANDVILLE

Project County Name

KENT

Project State

MI

Project Zip

49418-1153

CD

MI-02

Jobs Reported

49

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3400.00

Payroll Proceed

549493.00

Mortgage Interest Proceed

0.00

Rent Proceed

17000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

43574.00

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

618223.47

Forgiveness Date

01/25/2021

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