# PPP loan: KERWIN ELECTRIC INC.
> **$170K** approved 03/13/2021 · Paid in Full · Loan `1533788608`
## Borrower
- **Name:** KERWIN ELECTRIC INC.
- **Address:** 7930 S 8th St, Kalamazoo, MI, 49009-8955
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 03/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $170K
- **Utilities:** $1
- **Jobs reported:** 21
## 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*