# PPP loan: THE HERB. RITSEMA CO.
> **$1.27M** approved 04/27/2020 · Paid in Full · Loan `4744827201`
## Borrower
- **Name:** THE HERB. RITSEMA CO.
- **Address:** 3000 Dormax SW, Grandville, MI, 49418-1168
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Jobs reported:** 115
## Lender
- **Originating:** Lake Michigan CU
- **Servicing:** Lake Michigan CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*