Ofta I, LLC

$308,355 PPP Loan in Grand Rapids, Michigan

Loan Details

Loan Number
7609057000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$308,355
Current Approval
$308,355
Forgiveness Amount
$310,754
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ofta I, LLC
Address
921 Division Ave
ZIP Code
49503-1401
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Finance and Insurance (524127)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$12.3M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$231,266
Rent
$24,668
Utilities
$6,167
Health Care
$46,253

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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