# PPP loan: STANDARD LIFTERS INC.
> **$339K** approved 04/07/2020 · Paid in Full · Loan `6909237003`
## Borrower
- **Name:** STANDARD LIFTERS INC.
- **Address:** 3096 NORTHRIDGE DR, GRAND RAPIDS, MI, 49544-9117
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $339K
- **Initial approval:** $339K
- **Forgiven:** $341K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $248K
- **Rent:** $38K
- **Utilities:** $3K
- **Health care:** $50K
- **Jobs reported:** 23
## 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*