152 RIVER INC. (MI) - 2020 PPP Loan Borrower Profile (# 3398308501)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 152 RIVER INC.. 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

3398308501

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$100,635

Date Loan was Approved

Feb 23, 2021

Amount Forgiven

$101,736.39

Date Loan was Forgiven

Mar 28, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

100,632

Lender

Alden State Bank

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

Elk Rapids, MI

Project Location

Elk Rapids, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.