# PPP loan: PROLINE EQUIPMENT COMPANY
> **$486K** approved 04/07/2020 · Paid in Full · Loan `6508057007`
## Borrower
- **Name:** PROLINE EQUIPMENT COMPANY
- **Address:** 4185 PRO LINE CT STE A, DORR, MI, 49323-8011
- **NAICS:** 238110
- **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:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $436K
- **Health care:** $50K
- **Jobs reported:** 37
## 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*