# PPP loan: TOWEL TRACKER. LLC
> **$196K** approved 05/01/2020 · Paid in Full · Loan `2497427703`
## Borrower
- **Name:** TOWEL TRACKER. LLC
- **Address:** 2100 NELSON AVE SE, GRAND RAPIDS, MI, 49507
- **NAICS:** 423220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $186K (95%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Rent:** $8K
- **Utilities:** $2K
- **Health care:** $13K
- **Debt interest:** $29K
- **Jobs reported:** 12
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*