# PPP loan: LANCO ACQUISITION LLC
> **$192K** approved 01/21/2021 · Paid in Full · Loan `3255438301`
## Borrower
- **Name:** LANCO ACQUISITION LLC
- **Address:** 665 10 Mile Rd NW, Sparta, MI, 49345-9459
- **NAICS:** 423830
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $192K
- **Initial approval:** $192K
- **Forgiven:** $192K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $192K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*