Torch Lake Hospitality, Inc.
$60,557 PPP Loan in Bellaire, Michigan
Loan Details
- Loan Number
- 7705467201
- Date Approved
- Apr 28, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $60,557
- Current Approval
- $60,557
- Forgiveness Amount
- $60,973
- Forgiveness Date
- Jan 7, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Torch Lake Hospitality, Inc.
- Address
- 6340 Old Torch Lake Dr
- City
- Bellaire
- State
- Michigan
- ZIP Code
- 49615-9240
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Accommodation and Food Services (722511)
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 16
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MI-01
Loan Use Breakdown
- Payroll
- $45,418
- Rent
- $12,375
- Utilities
- $2,764
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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