# PPP loan: KOENES AUTO BODY INC
> **$697K** approved 04/07/2020 · Paid in Full · Loan `7667257010`
## Borrower
- **Name:** KOENES AUTO BODY INC
- **Address:** 5100 Patterson Ave, GRAND RAPIDS, MI, 49512-5343
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $701K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $587K
- **Rent:** $69K
- **Mortgage interest:** $9K
- **Utilities:** $15K
- **Health care:** $17K
- **Jobs reported:** 44
## 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*