Lambert & Co.

$1,249,547 PPP Loan in Grand Rapids, Michigan

Loan Details

Loan Number
6788627005
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,249,547
Current Approval
$1,249,547
Forgiveness Amount
$1,257,489
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Lambert & Co.
Address
47 Commerce Ave SW
ZIP Code
49503-4124
Business Type
Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541820)
Business Age
Existing or more than 2 years old
Jobs Reported
78
Estimated Revenue
$8.7M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$1,045,393
Rent
$106,313
Utilities
$17,230
Health Care
$68,085
Debt Interest
$12,526

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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