# PPP loan: HOLLAND ENGINEERING INC
> **$1.60M** approved 04/10/2020 · Paid in Full · Loan `1470777110`
## Borrower
- **Name:** HOLLAND ENGINEERING INC
- **Address:** 220 HOOVER BLVD, HOLLAND, MI, 49423-3719
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.55M
- **Rent:** $48K
- **Utilities:** $4K
- **Jobs reported:** 110
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*