# PPP loan: SHRED-PAC, INC.
> **$299K** approved 04/05/2020 · Paid in Full · Loan `5579517006`
## Borrower
- **Name:** SHRED-PAC, INC.
- **Address:** 2982 22nd Street, Hopkins, MI, 49328-9700
- **NAICS:** 333318
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $299K
- **Jobs reported:** 20
## Lender
- **Originating:** Grand River Bank
- **Servicing:** Grand River Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*