# PPP loan: FIRSTRONIC, LLC
> **$1.77M** approved 04/27/2020 · Paid in Full · Loan `3943247202`
## Borrower
- **Name:** FIRSTRONIC, LLC
- **Address:** 1655 MICHIGAN ST NE, GRAND RAPIDS, MI, 49503-2015
- **NAICS:** 334412
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.92M
- **Forgiven:** $1.78M (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Rent:** $6K
- **Utilities:** $2K
- **Health care:** $318K
- **Debt interest:** $17K
- **Jobs reported:** 184
## Lender
- **Originating:** United Bank of Michigan
- **Servicing:** United Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*