# PPP loan: NORTHERN PRECISION PRODUCT, INC
> **$321K** approved 04/14/2020 · Paid in Full · Loan `6038297101`
## Borrower
- **Name:** NORTHERN PRECISION PRODUCT, INC
- **Address:** 4790 N MACKINAW TRL, LEROY, MI, 49655-9320
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $10K
- **Health care:** $36K
- **Debt interest:** $6K
- **Jobs reported:** 34
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*