Arnie's Incorporated
$1,441,139 PPP Loan in Grand Rapids, Michigan
Loan Details
- Loan Number
- 1136267104
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,441,139
- Current Approval
- $1,441,139
- Forgiveness Amount
- $1,459,973
- Forgiveness Date
- Aug 5, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Arnie's Incorporated
- Address
- 815 Leonard St
- City
- Grand Rapids
- State
- Michigan
- ZIP Code
- 49504-4147
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Accommodation and Food Services (722511)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 319
- Estimated Revenue
- $56.6M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $1,080,000
- Rent
- $100,000
- Utilities
- $140,000
- Health Care
- $98,886
- Debt Interest
- $22,253
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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