150 OTTAWA HOTEL DEVELOPMENT LLC (MI) - 2020 PPP Loan Borrower Profile (# 7444948407)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 150 OTTAWA HOTEL DEVELOPMENT LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

7444948407

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$323,015

Date Loan was Approved

Feb 12, 2021

Amount Forgiven

$324,820.34

Date Loan was Forgiven

Sep 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

Payroll Proced

323,010

Lender

Mercantile Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

721110

Borrower Location

Grand Rapids, MI

Project Location

Grand Rapids, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.