ACRES COOPERATIVE, INC. (MI) - 2020 PPP Loan Borrower Profile (# 5265067206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACRES COOPERATIVE, 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

5265067206

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$101,900

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$102,430.44

Date Loan was Forgiven

Nov 12, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

101,900

Lender

The Shelby State Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

926140

Borrower Location

SCOTTVILLE, MI

Project Location

Scottsville, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.