# PPP loan: TODD WENZEL BUICK GMC, INC.
> **$1.64M** approved 04/07/2020 · Paid in Full · Loan `7044857006`
## Borrower
- **Name:** TODD WENZEL BUICK GMC, INC.
- **Address:** 2727  28TH ST SE, GRAND RAPIDS, MI, 49512-1610
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.65M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.31M
- **Rent:** $239K
- **Utilities:** $46K
- **Debt interest:** $44K
- **Jobs reported:** 129
## 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*