# PPP loan: PAUL N GRONDIN INCORPORATED
> **$439K** approved 04/27/2020 · Paid in Full · Loan `5983997208`
## Borrower
- **Name:** PAUL N GRONDIN INCORPORATED
- **Address:** 350 N Court St, LAPEER, MI, 48446-2206
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $439K
- **Initial approval:** $439K
- **Forgiven:** $445K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $348K
- **Mortgage interest:** $37K
- **Utilities:** $37K
- **Health care:** $18K
- **Jobs reported:** 96
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*