Grace Centers of Hope

$600,000 PPP Loan in Pontiac, Michigan

Loan Details

Loan Number
2971987705
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$600,000
Current Approval
$600,000
Forgiveness Amount
$603,953
Forgiveness Date
Dec 30, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Grace Centers of Hope
Address
35 E Huron St
ZIP Code
48342
Business Type
Corporation
Industry (NAICS)
Health Care and Social Assistance (624221)
Business Age
Existing or more than 2 years old
Jobs Reported
106
Estimated Revenue
$17.2M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$470,000
Rent
$38,000
Utilities
$61,300
Health Care
$30,000
Mortgage Interest
$300
Debt Interest
$400

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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