# PPP loan: BEST METAL PRODUCTS COMPANY
> **$1.39M** approved 04/07/2020 · Paid in Full · Loan `7038577009`
## Borrower
- **Name:** BEST METAL PRODUCTS COMPANY
- **Address:** 3570 RALEIGH DR, GRAND RAPIDS, MI, 49512-2064
- **NAICS:** 332710
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Rent:** $80K
- **Utilities:** $59K
- **Health care:** $132K
- **Debt interest:** $15K
- **Jobs reported:** 115
## 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*