# PPP loan: RIC'S FOOD CENTER - CANNON LTD
> **$196K** approved 04/08/2020 · Paid in Full · Loan `8100487002`
## Borrower
- **Name:** RIC'S FOOD CENTER - CANNON LTD
- **Address:** 6767 Belding Rd. NE, ROCKFORD, MI, 49341-7653
- **NAICS:** 445110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $149K
- **Rent:** $22K
- **Utilities:** $15K
- **Health care:** $10K
- **Jobs reported:** 52
## Lender
- **Originating:** Isabella Bank
- **Servicing:** Isabella Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*