# PPP loan: W. PENNINGS & SONS INC.
> **$502K** approved 02/11/2021 · Paid in Full · Loan `7238278406`
## Borrower
- **Name:** W. PENNINGS & SONS INC.
- **Address:** 5829 W Kl Ave, Kalamazoo, MI, 49009-9140
- **NAICS:** 236118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $502K
- **Initial approval:** $502K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $502K
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** First National Bank of Michigan
- **Servicing:** First National Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*