# PPP loan: WOODLAND TRAVEL CENTER, INC.
> **$195K** approved 04/08/2020 · Paid in Full · Loan `8427587010`
## Borrower
- **Name:** WOODLAND TRAVEL CENTER, INC.
- **Address:** 5190 PLAINFIELD AVE NE, GRAND RAPIDS, MI, 49525-1049
- **NAICS:** 441210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Mortgage interest:** $20K
- **Utilities:** $4K
- **Health care:** $8K
- **Jobs reported:** 18
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*