Metro Detroit Franchise Corp

$173,246 PPP Loan in Rochester, Michigan

Loan Details

Loan Number
9472797007
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$173,246
Current Approval
$173,246
Forgiveness Amount
$174,566
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Metro Detroit Franchise Corp
Address
3714 Hogan Cir
ZIP Code
48307-5092
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (812199)
Franchise
Lavida Massage
Business Age
Existing or more than 2 years old
Jobs Reported
85
Estimated Revenue
$16.2M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$138,597
Rent
$27,831
Utilities
$6,818

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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