# PPP loan: THE ARMADA GROUP, INC.
> **$1.76M** approved 04/09/2020 · Paid in Full · Loan `1099997100`
## Borrower
- **Name:** THE ARMADA GROUP, INC.
- **Address:** 1222 Burton St., S.E. 0.0, Grand Rapids, MI, 49507-3302
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.76M
- **Initial approval:** $1.76M
- **Forgiven:** $1.79M (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Rent:** $108K
- **Utilities:** $60K
- **Health care:** $100K
- **Debt interest:** $20K
- **Jobs reported:** 129
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*