Mcdonough's Market, Inc.

$80,672 PPP Loan in Beaver Island, Michigan

Loan Details

Loan Number
5201387100
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$80,672
Current Approval
$80,672
Forgiveness Amount
$81,208
Forgiveness Date
Dec 16, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Mcdonough's Market, Inc.
Address
38240 Michigan Ave
ZIP Code
49782-5105
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (445110)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$60,500
Rent
$8,372
Utilities
$3,500
Health Care
$7,000
Mortgage Interest
$1,300

Lender Information

Servicing Lender
Charlevoix State Bank
Originating Lender
Charlevoix State Bank

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