Berg Investments INC
$697,530 PPP Loan in Lowell, Michigan
Loan Details
- Loan Number
- 6762587106
- Date Approved
- Apr 14, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $697,530
- Current Approval
- $697,530
- Forgiveness Amount
- $702,021
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Berg Investments INC
- Address
- 1300 W Main St
- City
- Lowell
- State
- Michigan
- ZIP Code
- 49331-1512
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Accommodation and Food Services (722513)
- Franchise
- Mcdonalds
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 119
- Estimated Revenue
- $21.1M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $523,147
- Rent
- $77,424
- Utilities
- $32,436
- Health Care
- $20,677
- Mortgage Interest
- $37,657
- Debt Interest
- $6,189
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
Other PPP Loans in Lowell, MI
| Business | Approved | |
|---|---|---|
| Assa Group, Inc. DBA National Worksurface | $1,572,315 |  Research |
| H.d. Hudson Manufacturing Company | $1,463,500 | Research |
| Metric Manufacturing Company, Inc. | $1,445,270 | Research |
| Kabb Management INC | $907,389 | Research |
| Timpson Transport, Inc. | $591,800 | Research |
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