Profile Industrial Packaging Corporation
$1,716,450 PPP Loan in Grand Rapids, Michigan
Loan Details
- Loan Number
- 6663167005
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,716,450
- Current Approval
- $1,716,450
- Forgiveness Amount
- $1,739,681
- Forgiveness Date
- Aug 23, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Profile Industrial Packaging Corporation
- Address
- 1976 Avastar Pkwy
- City
- Grand Rapids
- State
- Michigan
- ZIP Code
- 49544-1936
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (326112)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 154
- Estimated Revenue
- $152.7M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $1,156,450
- Rent
- $160,000
- Utilities
- $160,000
- Health Care
- $140,000
- Debt Interest
- $100,000
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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