Lawn Logic INC

$401,300 PPP Loan in Charlevoix, Michigan

Loan Details

Loan Number
8748047002
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$401,300
Current Approval
$401,300
Forgiveness Amount
$405,681
Forgiveness Date
May 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lawn Logic INC
Address
06247 US Highway 31
ZIP Code
49720-8916
Business Type
Subchapter S Corporation
Industry (NAICS)
Administrative and Support and Waste Management (561730)
Business Age
Existing or more than 2 years old
Jobs Reported
39
Estimated Revenue
$8.4M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$356,800
Rent
$9,000
Utilities
$3,000
Health Care
$8,500
Debt Interest
$24,000

Lender Information

Servicing Lender
Charlevoix State Bank
Originating Lender
Charlevoix State Bank

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