# PPP loan: PROGRESS MICHIGAN EDUCATION
> **$176K** approved 04/08/2020 · Paid in Full · Loan `7867097004`
## Borrower
- **Name:** PROGRESS MICHIGAN EDUCATION
- **Address:** 614 SEYMOUR AVE, LANSING, MI, 48933-1120
- **NAICS:** 813319
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $132K
- **Rent:** $2K
- **Mortgage interest:** $3K
- **Utilities:** $4K
- **Health care:** $35K
- **Jobs reported:** 12
## 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*