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Deshano Lumber Company

$78,925 PPP Loan in Gladwin, Michigan

Loan Details

Loan Number
8705557002
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$78,925
Current Approval
$78,925
Forgiveness Amount
$79,980
Forgiveness Date
Aug 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Deshano Lumber Company
Address
325 Commerce Ct
City
Gladwin
State
Michigan
ZIP Code
48624-1225
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (444190)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$63,340
Rent
$7,000
Utilities
$2,500
Debt Interest
$6,085

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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