# PPP loan: INSIGNIA HOMES
> **$473K** approved 04/07/2020 · Paid in Full · Loan `6933667003`
## Borrower
- **Name:** INSIGNIA HOMES
- **Address:** 1430 MONROE AVE NW STE 220, GRAND RAPIDS, MI, 49505-4603
- **NAICS:** 236115
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $473K
- **Initial approval:** $473K
- **Forgiven:** $476K (101%)
- **Forgiveness date:** 12/07/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Rent:** $26K
- **Utilities:** $3K
- **Health care:** $46K
- **Debt interest:** $2K
- **Jobs reported:** 35
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*