# PPP loan: MUSKEGON CAR CREDIT, INC.
> **$1.40M** approved 04/07/2020 · Paid in Full · Loan `7652967008`
## Borrower
- **Name:** MUSKEGON CAR CREDIT, INC.
- **Address:** 1515 28th Street SW, WYOMING, MI, 49509-2707
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Rent:** $182K
- **Utilities:** $44K
- **Health care:** $52K
- **Debt interest:** $48K
- **Jobs reported:** 124
## 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*