# PPP loan: GELOCK TRANSFER LINE, INC
> **$347K** approved 04/07/2020 · Paid in Full · Loan `7630797004`
## Borrower
- **Name:** GELOCK TRANSFER LINE, INC
- **Address:** 450 Market Ave SW, GRAND RAPIDS, MI, 49503-4943
- **NAICS:** 484220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $347K
- **Initial approval:** $347K
- **Forgiven:** $349K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $266K
- **Rent:** $35K
- **Utilities:** $16K
- **Health care:** $30K
- **Jobs reported:** 20
## 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*