# PPP loan: KIDS FOOD BASKET
> **$400K** approved 04/07/2020 · Paid in Full · Loan `6502927007`
## Borrower
- **Name:** KIDS FOOD BASKET
- **Address:** 1300 PLYMOUTH AVE NE, GRAND RAPIDS, MI, 49505-5604
- **NAICS:** 624210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $370K
- **Mortgage interest:** $4K
- **Utilities:** $9K
- **Health care:** $17K
- **Jobs reported:** 48
## 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*