# PPP loan: EXCEL SALON PRODUCTS INC.
> **$792K** approved 01/23/2021 · Paid in Full · Loan `4657488302`
## Borrower
- **Name:** EXCEL SALON PRODUCTS INC.
- **Address:** 3498 Kraft Ave SE, Grand Rapids, MI, 49512-2003
- **NAICS:** 446120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $792K
- **Initial approval:** $792K
- **Forgiven:** $797K (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $792K
- **Utilities:** $1
- **Jobs reported:** 77
## 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*