# PPP loan: PURFORMS, INC.
> **$400K** approved 04/07/2020 · Paid in Full · Loan `7603757008`
## Borrower
- **Name:** PURFORMS, INC.
- **Address:** 615 Chatham St, LOWELL, MI, 49331-1319
- **NAICS:** 326150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $343K
- **Rent:** $12K
- **Utilities:** $16K
- **Health care:** $27K
- **Debt interest:** $2K
- **Jobs reported:** 47
## 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*