# PPP loan: CENTRIC LABORATORIES INC.
> **$244K** approved 01/28/2021 · Paid in Full · Loan `7484338308`
## Borrower
- **Name:** CENTRIC LABORATORIES INC.
- **Address:** 1805 Plainfield Ave NE, Grand Rapids, MI, 49505-4706
- **NAICS:** 339116
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $244K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*