# PPP loan: KENDRICK PLASTICS, INC
> **$3.96M** approved 04/07/2020 · Paid in Full · Loan `7527097008`
## Borrower
- **Name:** KENDRICK PLASTICS, INC
- **Address:** 5050 KENDRICK ST SE, GRAND RAPIDS, MI, 49512-9205
- **NAICS:** 336360
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $3.96M
- **Initial approval:** $3.96M
- **Forgiven:** $4.02M (102%)
- **Forgiveness date:** 10/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.17M
- **Mortgage interest:** $793K
- **Jobs reported:** 386
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*