# PPP loan: ALMA FAMILY PRACTICE, PC
> **$331K** approved 04/08/2020 · Paid in Full · Loan `7670127007`
## Borrower
- **Name:** ALMA FAMILY PRACTICE, PC
- **Address:** 1335 N Pine Ave, ALMA, MI, 48801-1242
- **NAICS:** 621111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $331K
- **Initial approval:** $331K
- **Forgiven:** $332K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $297K
- **Rent:** $22K
- **Mortgage interest:** $6K
- **Utilities:** $5K
- **Jobs reported:** 27
## 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*