# PPP loan: KRUPP INDUSTRIES, LLC
> **$647K** approved 04/07/2020 · Paid in Full · Loan `6749307000`
## Borrower
- **Name:** KRUPP INDUSTRIES, LLC
- **Address:** 2735 WEST RIVER DR, GRAND RAPIDS, MI, 49544-2013
- **NAICS:** 332322
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $647K
- **Initial approval:** $647K
- **Forgiven:** $652K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $485K
- **Rent:** $24K
- **Mortgage interest:** $18K
- **Utilities:** $20K
- **Health care:** $90K
- **Debt interest:** $10K
- **Jobs reported:** 60
## 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*