Gourmet International, Ltd.

$834,925 PPP Loan in Grand Rapids, Michigan

Loan Details

Loan Number
8451897009
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$834,925
Current Approval
$834,925
Forgiveness Amount
$839,729
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Gourmet International, Ltd.
Address
5253 Patterson Ave SE
ZIP Code
49512-9625
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (445299)
Business Age
Existing or more than 2 years old
Jobs Reported
75
Estimated Revenue
$8.3M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$672,125
Rent
$90,000
Utilities
$14,300
Health Care
$37,700
Debt Interest
$20,800

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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