Molasses, LLC

$158,655 PPP Loan in Midland, Michigan

Loan Details

Loan Number
7918277000
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$158,655
Current Approval
$158,655
Forgiveness Amount
$159,855
Forgiveness Date
Jan 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Molasses, LLC
Address
201 E Main St
ZIP Code
48640-5113
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
31
Estimated Revenue
$5.5M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$119,323
Rent
$20,656
Utilities
$9,150
Mortgage Interest
$5,700
Debt Interest
$3,826

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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