# PPP loan: MAYDAY AVIONICS INC
> **$252K** approved 04/27/2020 · Paid in Full · Loan `4024227200`
## Borrower
- **Name:** MAYDAY AVIONICS INC
- **Address:** 5500 44TH ST SE Bldg 200, GRAND RAPIDS, MI, 49512-4159
- **NAICS:** 481111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $226K
- **Health care:** $26K
- **Jobs reported:** 15
## 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*