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Merchant Excavating INC

$181,200 PPP Loan in Alma, Michigan

Loan Details

Loan Number
4447947010
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$181,200
Current Approval
$181,200
Forgiveness Amount
$182,764
Forgiveness Date
Feb 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Merchant Excavating INC
Address
4040 State Rd
City
Alma
State
Michigan
ZIP Code
48801-9744
Business Type
Corporation
Industry (NAICS)
Construction (238910)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
$7.1M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$145,000
Rent
$7,415
Utilities
$1,925
Health Care
$13,260
Mortgage Interest
$13,600

Lender Information

Servicing Lender
Commercial Bank
Originating Lender
Commercial Bank

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