# PPP loan: LAMBERT & CO.
> **$1.25M** approved 04/07/2020 · Paid in Full · Loan `6788627005`
## Borrower
- **Name:** LAMBERT & CO.
- **Address:** 47 Commerce Ave SW, GRAND RAPIDS, MI, 49503-4124
- **NAICS:** 541820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Rent:** $106K
- **Utilities:** $17K
- **Health care:** $68K
- **Debt interest:** $13K
- **Jobs reported:** 78
## 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*