# PPP loan: DESIGNVOX, INC.
> **$359K** approved 04/10/2020 · Paid in Full · Loan `1795397101`
## Borrower
- **Name:** DESIGNVOX, INC.
- **Address:** 652 CROSWELL AVE SE STE 2, GRAND RAPIDS, MI, 49506-3004
- **NAICS:** 541430
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $359K
- **Initial approval:** $359K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $325K
- **Rent:** $15K
- **Utilities:** $1K
- **Health care:** $15K
- **Debt interest:** $2K
- **Jobs reported:** 18
## Lender
- **Originating:** United Bank of Michigan
- **Servicing:** United Bank of Michigan (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*