# PPP loan: POWDER COTE II INC
> **$1.77M** approved 04/27/2020 · Paid in Full · Loan `4378867201`
## Borrower
- **Name:** POWDER COTE II INC
- **Address:** 50 North ROSE ST, MOUNT CLEMENS, MI, 48043-5405
- **NAICS:** 332812
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.77M
- **Initial approval:** $1.77M
- **Forgiven:** $1.79M (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Rent:** $266K
- **Utilities:** $89K
- **Jobs reported:** 201
## 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*