ARMADA GRAIN CO. (MI) - 2020 PPP Loan Borrower Profile (# 1380277109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARMADA GRAIN CO.. 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

1380277109

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$360,696

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$363,383.93

Date Loan was Forgiven

Jan 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

36,069

Payroll Proced

288,558

Mortgage Interest Proceed

36,069

Lender

ChoiceOne Bank

Business Detail

Business Type

Corporation

NAICS

311119

Borrower Location

ARMADA, MI

Project Location

ARMADA, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.