Repcolite Paints, Inc.

$947,119 PPP Loan in Holland, Michigan

Loan Details

Loan Number
9228347010
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$947,119
Current Approval
$947,119
Forgiveness Amount
$953,995
Forgiveness Date
Jan 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Repcolite Paints, Inc.
Address
473 W 17th Street
ZIP Code
49423-3443
Business Type
Corporation
Industry (NAICS)
Retail Trade (444120)
Business Age
Existing or more than 2 years old
Jobs Reported
85
Estimated Revenue
$17.5M
Rural/Urban
Urban
Congressional District
MI-04

Loan Use Breakdown

Payroll
$695,535
Rent
$126,184
Utilities
$19,800
Health Care
$88,200
Debt Interest
$17,400

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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