# PPP loan: GINSAN LIQUIDATING COMPANY LLC
> **$335K** approved 04/08/2020 · Paid in Full · Loan `7705437007`
## Borrower
- **Name:** GINSAN LIQUIDATING COMPANY LLC
- **Address:** 3611   3 MILE RD, GRAND RAPIDS, MI, 49534-1231
- **NAICS:** 333318
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $337K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Rent:** $22K
- **Utilities:** $9K
- **Health care:** $26K
- **Jobs reported:** 32
## 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*