Michael Richard INC

$16,100 PPP Loan in Alma, Michigan

Loan Details

Loan Number
8076587007
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$16,100
Current Approval
$16,100
Forgiveness Amount
$16,291
Forgiveness Date
Jun 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Michael Richard INC
Address
123 E Superior St
City
Alma
ZIP Code
48801-1816
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (453110)
Business Age
Existing or more than 2 years old
Jobs Reported
2
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$14,255
Rent
$600
Utilities
$984
Debt Interest
$261

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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