# PPP loan: CHAPPELLE DEVELOPMENT COMPANY
> **$266K** approved 04/10/2020 · Paid in Full · Loan `1887137101`
## Borrower
- **Name:** CHAPPELLE DEVELOPMENT COMPANY
- **Address:** 5030 Northwind Dr Ste 120, EAST LANSING, MI, 48823-5005
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $24K
- **Debt interest:** $43K
- **Jobs reported:** 24
## Lender
- **Originating:** Heartland Bank
- **Servicing:** Heartland Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*