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The Materials Group LLC

$500,000 PPP Loan in Rockford, Michigan

Loan Details

Loan Number
7111487003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$500,000
Current Approval
$500,000
Forgiveness Amount
$503,274
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
The Materials Group LLC
Address
575 Byrne Industrial Dr
City
Rockford
State
Michigan
ZIP Code
49341-1085
Business Type
Partnership
Industry (NAICS)
Wholesale Trade (424610)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$6.2M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$428,600
Rent
$30,200
Utilities
$11,200
Debt Interest
$30,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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