COVID Stimulus Watch Individual Entry

Recipient Company:

Mainstreet Ventures Restaurant Group, LLC/RSC of Ann Arbor, LLC/RSC of Bay City, LLC/MSVRG Downtown Ventures, LLC/The Chop House of GR, LLC/The Palio

Loan or Loan Guarantee Amount:

$10,500,000

Recipient Details

Ownership Structure: privately held

Facility City: Ann Arbor

Facility State: MI

Award Details

Award Date: Dec 7, 2020

Award Type: loan

Award Details: Amount is principal amount of loan purchased by the Main Street Loan Program. This loan has multiple co-borrowers. CO-BORROWERS: 1. Mainstreet Ventures Restaurant Group, LLC (Ann Arbor, MI); 2. RSC of Ann Arbor, LLC (Ann Arbor, MI); 3. RSC of Bay City, LLC (Ann Arbor, MI); 4. MSVRG Downtown Ventures, LLC (Ann Arbor, MI); 5. The Chop House of GR, LLC (Ann Arbor, MI); 6. The Palio of Ann Arbor, LLC (Ann Arbor, MI); 7. The Palio of Grand Rapids, LLC (Ann Arbor, MI); 8. Carson's of Ann Arbor, LLC (Ann Arbor, MI); 9. SWG Brighton, LLC (Ann Arbor, MI); 10. SWG Okemos, LLC (Ann Arbor, MI).

PPP Lender: Bank Of Ann Arbor

Program Name: Main Street Loan Program

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Good Jobs First has not matched this entity to a parent company.

Accountability Issues Since 2010

Good Jobs First does not have any accountability data for this record.