# PPP loan: NEWMIND GROUP, INC
> **$205K** approved 04/08/2020 · Paid in Full · Loan `8201307004`
## Borrower
- **Name:** NEWMIND GROUP, INC
- **Address:** 344 N ROSE ST, KALAMAZOO, MI, 49007-5802
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Rent:** $10K
- **Utilities:** $5K
- **Health care:** $7K
- **Jobs reported:** 16
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*