Germain On State I, LLC

$855,222 PPP Loan in Ann Arbor, Michigan

Loan Details

Loan Number
6501067105
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$855,222
Current Approval
$855,222
Forgiveness Amount
$866,863
Forgiveness Date
Aug 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Germain On State I, LLC
Address
2575 S. State St, 0.0
ZIP Code
48104-6145
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
78
Estimated Revenue
$19.7M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$641,416
Rent
$93,806
Utilities
$22,000
Health Care
$15,000
Debt Interest
$83,000

Lender Information

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

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