# PPP loan: K5 RESTAURANTS LLC
> **$287K** approved 04/07/2020 · Paid in Full · Loan `6624607003`
## Borrower
- **Name:** K5 RESTAURANTS LLC
- **Address:** 2652 MAPLEWOOD DR SE, GRAND RAPIDS, MI, 49506-4759
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $36K
- **Mortgage interest:** $6K
- **Utilities:** $19K
- **Debt interest:** $11K
- **Jobs reported:** 80
## 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*