Progressive Heating Cooling & Refrigeration, Inc.

$260,480 PPP Loan in Lowell, Michigan

Loan Details

Loan Number
7644437002
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$260,480
Current Approval
$260,480
Forgiveness Amount
$262,036
Forgiveness Date
Nov 19, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Progressive Heating Cooling & Refrigeration, Inc.
Address
1375 E Main St
City
Lowell
ZIP Code
49331-9361
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$7.0M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$197,554
Rent
$48,062
Utilities
$4,034
Health Care
$10,830

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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