# PPP loan: MCNALLY ELEVATOR COMPANY
> **$314K** approved 04/01/2021 · Paid in Full · Loan `4970338702`
## Borrower
- **Name:** MCNALLY ELEVATOR COMPANY
- **Address:** 223 W Ransom St, Kalamazoo, MI, 49007-3635
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $315K (100%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $314K
- **Utilities:** $1
- **Jobs reported:** 24
## 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*