Rite-Way Plumbing & Heating, Inc.
$2,091,177 PPP Loan in Grand Rapids, Michigan
Loan Details
- Loan Number
- 6912007005
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,091,177
- Current Approval
- $2,091,177
- Forgiveness Amount
- $2,115,412
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rite-Way Plumbing & Heating, Inc.
- Address
- 2083 Walker Ct NW
- City
- Grand Rapids
- State
- Michigan
- ZIP Code
- 49544-1411
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238220)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 94
- Estimated Revenue
- $29.7M
- Rural/Urban
- Urban
- Congressional District
- MI-03
Loan Use Breakdown
- Payroll
- $1,715,187
- Rent
- $19,500
- Utilities
- $14,670
- Health Care
- $341,820
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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