Presto Distributing, Inc. DBA Prestotech Solutions
$1,262,507 PPP Loan in Grand Rapids, Michigan
Loan Details
- Loan Number
- 1683567208
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,262,507
- Current Approval
- $1,262,507
- Forgiveness Amount
- $1,276,220
- Forgiveness Date
- May 21, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Presto Distributing, Inc. DBA Prestotech Solutions
- Address
- 4595 Broadmoor Ave SE Ste 200
- City
- Grand Rapids
- State
- Michigan
- ZIP Code
- 49512
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423430)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 45
- Estimated Revenue
- $13.8M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $1,036,621
- Rent
- $15,574
- Utilities
- $63,000
- Health Care
- $139,200
- Debt Interest
- $8,112
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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