# PPP loan: DAVENPORT MASONRY, INC
> **$2.08M** approved 04/07/2020 · Paid in Full · Loan `6515397002`
## Borrower
- **Name:** DAVENPORT MASONRY, INC
- **Address:** 1445 EDGAR RD, HOLT, MI, 48842-1815
- **NAICS:** 238140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.08M
- **Initial approval:** $2.08M
- **Forgiven:** $2.11M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.95M
- **Rent:** $28K
- **Mortgage interest:** $700
- **Utilities:** $5K
- **Health care:** $91K
- **Debt interest:** $4K
- **Jobs reported:** 136
## 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*