# PPP loan: IVANREST GOLF CENTER, INC.
> **$486K** approved 04/14/2020 · Paid in Full · Loan `6148087109`
## Borrower
- **Name:** IVANREST GOLF CENTER, INC.
- **Address:** 5555 IVANREST AVE SW, WYOMING, MI, 49418-9145
- **NAICS:** 451110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $486K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $365K
- **Rent:** $115K
- **Health care:** $7K
- **Jobs reported:** 63
## 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*