# PPP loan: DALE & MICHAEL CORPORATION
> **$506K** approved 04/27/2020 · Paid in Full · Loan `4823097205`
## Borrower
- **Name:** DALE & MICHAEL CORPORATION
- **Address:** 2213 E GRAND RIVER AVE, LANSING, MI, 48912-3200
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $273K
- **Rent:** $41K
- **Utilities:** $11K
- **Health care:** $181K
- **Jobs reported:** 21
## 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*