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Chernard & Osborn, INC

$222,500 PPP Loan in Ada, Michigan

Loan Details

Loan Number
5968517010
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$222,500
Current Approval
$222,500
Forgiveness Amount
$223,768
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Chernard & Osborn, INC
Address
971 Spaulding SE Suite B
City
Ada
State
Michigan
ZIP Code
49301-3705
Business Type
Corporation
Industry (NAICS)
Finance and Insurance (524291)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
$5.3M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$205,500
Rent
$6,000
Utilities
$1,000
Health Care
$10,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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