# PPP loan: ROWERDINK INC.
> **$1.78M** approved 04/07/2020 · Paid in Full · Loan `7640927010`
## Borrower
- **Name:** ROWERDINK INC.
- **Address:** 211 Fuller Ave NE, GRAND RAPIDS, MI, 49503-3658
- **NAICS:** 441310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.78M
- **Initial approval:** $1.78M
- **Forgiven:** $1.79M (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Rent:** $127K
- **Utilities:** $12K
- **Health care:** $18K
- **Debt interest:** $150K
- **Jobs reported:** 206
## 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*