Netmed Transcription Services, LLC

$173,660 PPP Loan in Cadillac, Michigan

Loan Details

Loan Number
6767787008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$173,660
Current Approval
$173,660
Forgiveness Amount
$174,664
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Netmed Transcription Services, LLC
Address
2604 Sunnyside Dr
ZIP Code
49601-8749
Business Type
Partnership
Industry (NAICS)
Professional, Scientific, and Technical Services (541990)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$5.9M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$160,208
Rent
$11,752
Utilities
$500
Debt Interest
$1,200

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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