20 MONROE BUILDING COMPANY LIMITED PARTNERSHIP (MI) - 2020 PPP Loan Borrower Profile (# 6963647009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 20 MONROE BUILDING COMPANY LIMITED PARTNERSHIP. 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

6963647009

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$1,053,035

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$1,067,229.33

Date Loan was Forgiven

Aug 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

30,000

Payroll Proced

869,700

Mortgage Interest Proceed

125,000

Rent Proceed

1,200

Health Care Proceed

22,755

Debt Interest Proceed

4,380

Lender

Mercantile Bank

Business Detail

Business Type

Limited Liability Partnership

NAICS

722511

Borrower Location

GRAND RAPIDS, MI

Project Location

GRAND RAPIDS, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

230

Business Age Description

Existing or more than 2 years old

Data Source: SBA.