# PPP loan: AB SPRING SERVICE, INC.
> **$244K** approved 04/27/2020 · Paid in Full · Loan `5505747209`
## Borrower
- **Name:** AB SPRING SERVICE, INC.
- **Address:** 4537 ROGER B CHAFFEE MEM DR SE, GRAND RAPIDS, MI, 49548-7506
- **NAICS:** 811118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Utilities:** $5K
- **Health care:** $18K
- **Jobs reported:** 28
## 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*