# PPP loan: F&V COMPANIES INC
> **$3.61M** approved 04/08/2020 · Paid in Full · Loan `7699497006`
## Borrower
- **Name:** F&V COMPANIES INC
- **Address:** 2960 LUCERNE DR SE, GRAND RAPIDS, MI, 49546-7117
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.61M
- **Initial approval:** $3.61M
- **Forgiven:** $3.65M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.19M
- **Rent:** $185K
- **Utilities:** $2K
- **Health care:** $232K
- **Jobs reported:** 223
## 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*