# PPP loan: GLOBAL IFS HOLDINGS, INC.
> **$1.70M** approved 04/10/2020 · Paid in Full · Loan `1755097100`
## Borrower
- **Name:** GLOBAL IFS HOLDINGS, INC.
- **Address:** 3700 32ND ST SE, GRAND RAPIDS, MI, 49512-1824
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.71M (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.51M
- **Rent:** $118K
- **Utilities:** $67K
- **Jobs reported:** 123
## Lender
- **Originating:** MidCountry Bank
- **Servicing:** MidCountry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*