# PPP loan: DESIGN 1 INC
> **$1.54M** approved 04/08/2020 · Paid in Full · Loan `8100207010`
## Borrower
- **Name:** DESIGN 1 INC
- **Address:** 4485 PLAINFIELD AVE NE SUITE 108, GRAND RAPIDS, MI, 49525-1605
- **NAICS:** 812112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.28M
- **Rent:** $211K
- **Utilities:** $21K
- **Health care:** $29K
- **Jobs reported:** 226
## 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*