# PPP loan: CENTRIC LABORATORIES INC
> **$244K** approved 04/14/2020 · Paid in Full · Loan `6418367100`
## Borrower
- **Name:** CENTRIC LABORATORIES INC
- **Address:** 1805 Plainfield Ave NE, GRAND RAPIDS, MI, 49505-4706
- **NAICS:** 339116
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $4K
- **Utilities:** $3K
- **Health care:** $31K
- **Jobs reported:** 20
## 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*