# PPP loan: ELE'S PLACE INC.
> **$524K** approved 04/16/2021 · Paid in Full · Loan `4645098807`
## Borrower
- **Name:** ELE'S PLACE INC.
- **Address:** 1145 W Oakland Ave, Lansing, MI, 48915-2000
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $527K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $523K
- **Utilities:** $1
- **Jobs reported:** 76
## 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*