AB SPRING SERVICE, INC. (MI) - 2020 PPP Loan Borrower Profile (# 5505747209)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AB SPRING SERVICE, 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

5505747209

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$243,647

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$245,469.35

Date Loan was Forgiven

Jan 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,444.5

Payroll Proced

220,152.5

Health Care Proceed

18,050

Lender

Mercantile Bank

Business Detail

Business Type

Corporation

NAICS

811118

Borrower Location

GRAND RAPIDS, MI

Project Location

GRAND RAPIDS, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.