# PPP loan: KMG PRESTIGE, INC.
> **$7.85M** approved 04/08/2020 · Paid in Full · Loan `7705257001`
## Borrower
- **Name:** KMG PRESTIGE, INC.
- **Address:** 102 S. Main Street, MOUNT PLEASANT, MI, 48858-2309
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.85M
- **Initial approval:** $7.85M
- **Forgiven:** $7.94M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.85M
- **Jobs reported:** 500
## 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*