Paradise Motor Sales, Inc.

$182,946 PPP Loan in Lansing, Michigan

Loan Details

Loan Number
8610357009
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$182,946
Current Approval
$182,946
Forgiveness Amount
$185,262
Forgiveness Date
Jul 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Paradise Motor Sales, Inc.
Address
5520 South Pennsylvania
ZIP Code
48911-4012
Business Type
Subchapter S Corporation
Industry (NAICS)
Real Estate and Rental and Leasing (532112)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
$7.2M
Rural/Urban
Urban
Congressional District
MI-07

Loan Use Breakdown

Payroll
$150,646
Rent
$20,000
Utilities
$5,000
Health Care
$7,300

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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