Spohn Inc.

$100,000 PPP Loan in Mount Pleasant, Michigan

Loan Details

Loan Number
4469347204
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$100,000
Current Approval
$100,000
Forgiveness Amount
$100,786
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Spohn Inc.
Address
1021 E Pickard St
ZIP Code
48858-1062
Business Type
Subchapter S Corporation
Industry (NAICS)
Accommodation and Food Services (722513)
Franchise
Culver's Butterburgers & Frozen Custard
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$6.2M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$80,000
Utilities
$5,000
Mortgage Interest
$10,000
Debt Interest
$5,000

Lender Information

Servicing Lender
Isabella Bank
Originating Lender
Isabella Bank

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