# PPP loan: VERDANT TCS LLC
> **$186K** approved 05/04/2020 · Paid in Full · Loan `1257237407`
## Borrower
- **Name:** VERDANT TCS LLC
- **Address:** 1800 PLATINUM FALLS DR, ADA, MI, 49301-8308
- **NAICS:** 541512
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $186K
- **Initial approval:** $186K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $10K
- **Utilities:** $9K
- **Debt interest:** $16K
- **Jobs reported:** 7
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*