# PPP loan: FIRST CONTRACTING INC
> **$670K** approved 04/08/2020 · Paid in Full · Loan `8297787001`
## Borrower
- **Name:** FIRST CONTRACTING INC
- **Address:** 701 S MAIN ST, OVID, MI, 48866-9715
- **NAICS:** 236118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $670K
- **Initial approval:** $670K
- **Forgiven:** $676K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $623K
- **Rent:** $9K
- **Utilities:** $1K
- **Health care:** $38K
- **Jobs reported:** 45
## 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*