# PPP loan: IMPERIAL BEVERAGE COMPANY
> **$3.78M** approved 04/28/2020 · Paid in Full · Loan `1307247300`
## Borrower
- **Name:** IMPERIAL BEVERAGE COMPANY
- **Address:** 3825 Emerald Dr, KALAMAZOO, MI, 49001-7919
- **NAICS:** 424810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.78M
- **Initial approval:** $3.78M
- **Forgiven:** $3.84M (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.25M
- **Rent:** $140K
- **Utilities:** $72K
- **Health care:** $300K
- **Debt interest:** $26K
- **Jobs reported:** 351
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*