# PPP loan: PRESTIGE STAMPING, LLC
> **$1.74M** approved 04/07/2020 · Paid in Full · Loan `6776757001`
## Borrower
- **Name:** PRESTIGE STAMPING, LLC
- **Address:** 23513 GROESBECK HWY, WARREN, MI, 48089-4253
- **NAICS:** 332722
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.74M
- **Initial approval:** $1.74M
- **Forgiven:** $1.75M (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **Rent:** $32K
- **Utilities:** $50K
- **Debt interest:** $300K
- **Jobs reported:** 134
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*