Residential Options Inc.

$1,691,950 PPP Loan in Okemos, Michigan

Loan Details

Loan Number
4791257101
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$1,691,950
Current Approval
$1,691,950
Forgiveness Amount
$1,701,323
Forgiveness Date
Aug 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Residential Options Inc.
Address
2400 Science Pkwy
City
Okemos
ZIP Code
48864
Business Type
Subchapter S Corporation
Industry (NAICS)
Health Care and Social Assistance (624110)
Business Age
Existing or more than 2 years old
Jobs Reported
305
Estimated Revenue
$49.4M
Rural/Urban
Urban
Congressional District
MI-07

Loan Use Breakdown

Payroll
$1,610,450
Rent
$22,500
Utilities
$8,250
Health Care
$41,250
Mortgage Interest
$9,500

Lender Information

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

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