# PPP loan: LEGACY TRUST
> **$406K** approved 04/11/2020 · Paid in Full · Loan `3004257109`
## Borrower
- **Name:** LEGACY TRUST
- **Address:** 99 MONROE AVE NW, SUITE 600, GRAND RAPIDS, MI, 49503-2587
- **NAICS:** 523991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $411K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Rent:** $61K
- **Utilities:** $3K
- **Health care:** $34K
- **Debt interest:** $263.61
- **Jobs reported:** 16
## Lender
- **Originating:** Sturgis Bank & Trust Company
- **Servicing:** Sturgis Bank & Trust Company (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*