# PPP loan: PELLA MID-ATLANTIC INC
> **$2.97M** approved 04/07/2020 · Paid in Full · Loan `6928007010`
## Borrower
- **Name:** PELLA MID-ATLANTIC INC
- **Address:** 12100 BALTIMORE AVE STE 1, BELTSVILLE, MD, 20705-1363
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.97M
- **Initial approval:** $2.97M
- **Forgiven:** $3.00M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.29M
- **Rent:** $251K
- **Utilities:** $83K
- **Health care:** $180K
- **Debt interest:** $165K
- **Jobs reported:** 214
## 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*