# PPP loan: LERCHEN ENTERPRISES, INC.
> **$243K** approved 01/19/2021 · Paid in Full · Loan `1577198305`
## Borrower
- **Name:** LERCHEN ENTERPRISES, INC.
- **Address:** 11015 W. Front St., Empire, MI, 49630
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $243K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** State Savings Bank
- **Servicing:** State Savings Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*