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The Materials Group LLC

$500,000 PPP Loan in Rockford, Michigan

Loan Details

Loan Number
2577478300
Date Approved
Jan 21, 2021
Loan Status
Paid in Full
Initial Approval
$500,000
Current Approval
$500,000
Forgiveness Amount
$504,288
Forgiveness Date
Dec 1, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
The Materials Group LLC
Address
575 Byrne Industrial Dr
City
Rockford
State
Michigan
ZIP Code
49341-1085
Business Type
Partnership
Industry (NAICS)
Wholesale Trade (424610)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$6.2M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$499,998
Utilities
$1

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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