# PPP loan: DBI HOLDING CO.
> **$992K** approved 04/08/2020 · Paid in Full · Loan `8263487007`
## Borrower
- **Name:** DBI HOLDING CO.
- **Address:** 912 E MICHIGAN AVE, LANSING, MI, 48912-1418
- **NAICS:** 453210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $992K
- **Initial approval:** $992K
- **Forgiven:** $1.00M (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $832K
- **Utilities:** $19K
- **Health care:** $141K
- **Jobs reported:** 91
## 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*