# PPP loan: WESTMAAS ELECTRIC COMPANY
> **$613K** approved 04/08/2020 · Paid in Full · Loan `7709397005`
## Borrower
- **Name:** WESTMAAS ELECTRIC COMPANY
- **Address:** 3025 SANGRA AVE, GRANDVILLE, MI, 49418-1153
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $613K
- **Initial approval:** $613K
- **Forgiven:** $618K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $549K
- **Rent:** $17K
- **Utilities:** $3K
- **Health care:** $44K
- **Jobs reported:** 49
## 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*