# PPP loan: 20 MONROE BUILDING COMPANY LIMITED PARTNERSHIP
> **$1.05M** approved 04/07/2020 · Paid in Full · Loan `6963647009`
## Borrower
- **Name:** 20 MONROE BUILDING COMPANY LIMITED PARTNERSHIP
- **Address:** 20 MONROE AVE NW, GRAND RAPIDS, MI, 49503-2649
- **NAICS:** 722511
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $870K
- **Rent:** $1K
- **Mortgage interest:** $125K
- **Utilities:** $30K
- **Health care:** $23K
- **Debt interest:** $4K
- **Jobs reported:** 230
## 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*