# PPP loan: PARADIGM DESIGN PC
> **$1.05M** approved 04/08/2020 · Paid in Full · Loan `7808157009`
## Borrower
- **Name:** PARADIGM DESIGN PC
- **Address:** 550 3 MILE RD Suite B, GRAND RAPIDS, MI, 49544-8207
- **NAICS:** 541310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.05M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $689K
- **Rent:** $108K
- **Utilities:** $34K
- **Health care:** $180K
- **Debt interest:** $35K
- **Jobs reported:** 44
## 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*