# PPP loan: PARK RITE VALET, LLC
> **$317K** approved 04/07/2020 · Paid in Full · Loan `7478747005`
## Borrower
- **Name:** PARK RITE VALET, LLC
- **Address:** 20750 Mack Avenue, GROSSE POINTE WOODS, MI, 48236-1436
- **NAICS:** 812930
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $289K (91%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $84K
- **Mortgage interest:** $5K
- **Utilities:** $3K
- **Health care:** $5K
- **Jobs reported:** 118
## 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*