COVID Stimulus Watch Individual Entry

Recipient Company:

Michigan Express of Grand Rapids, Inc./Jet Express of Grand Rapids, Inc/Martin Transportation Systems, Inc/RTS Transportation Systems, Inc/Warner Tran

Loan or Loan Guarantee Amount:

$24,000,000

Recipient Details

Ownership Structure: privately held

Facility City: Byron Center

Facility State: MI

Award Details

Award Date: Dec 17, 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. Michigan Express of Grand Rapids, Inc. (Byron Center, MI); 2. Jet Express of Grand Rapids, Inc (Byron Center, MI); 3. Martin Transportation Systems, Inc (Byron Center, MI); 4. RTS Transportation Systems, Inc (Byron Center, MI); 5. Warner Transport Company (Byron Center, MI); 6. Bay Logistics, Inc (Byron Center, MI).

PPP Lender: Wells Fargo Bank, National Association

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.