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Merkel Brothers INC

$290,345 PPP Loan in Chelsea, Michigan

Loan Details

Loan Number
9567577003
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$290,345
Current Approval
$290,345
Forgiveness Amount
$292,620
Forgiveness Date
Jan 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Merkel Brothers INC
Address
205 S Main St
City
Chelsea
State
Michigan
ZIP Code
48118-1516
Business Type
Corporation
Industry (NAICS)
Retail Trade (442110)
Franchise
Prosource
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$5.1M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$217,759
Utilities
$72,586

Lender Information

Servicing Lender
Chelsea State Bank
Originating Lender
Chelsea State Bank

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