# PPP loan: SCARLETT INC
> **$318K** approved 04/04/2020 · Paid in Full · Loan `4892697005`
## Borrower
- **Name:** SCARLETT INC
- **Address:** 4355 AIRWEST DR, GRAND RAPIDS, MI, 49512-3920
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $283K
- **Health care:** $35K
- **Jobs reported:** 16
## 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*