# PPP loan: NETMED TRANSCRIPTION SERVICES, LLC
> **$174K** approved 04/07/2020 · Paid in Full · Loan `6767787008`
## Borrower
- **Name:** NETMED TRANSCRIPTION SERVICES, LLC
- **Address:** 2604 SUNNYSIDE DR, CADILLAC, MI, 49601-8749
- **NAICS:** 541990
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $12K
- **Utilities:** $500
- **Debt interest:** $1K
- **Jobs reported:** 42
## 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*