Ric's Food Center - Cannon Ltd

$195,600 PPP Loan in Rockford, Michigan

Loan Details

Loan Number
8100487002
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$195,600
Current Approval
$195,600
Forgiveness Amount
$197,995
Forgiveness Date
Jul 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ric's Food Center - Cannon Ltd
Address
6767 Belding Rd. NE
ZIP Code
49341-7653
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (445110)
Business Age
Existing or more than 2 years old
Jobs Reported
52
Estimated Revenue
$13.0M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$148,600
Rent
$22,000
Utilities
$15,000
Health Care
$10,000

Lender Information

Servicing Lender
Isabella Bank
Originating Lender
Isabella Bank

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