# PPP loan: JAY TRUCKS AND ASSOCIATES, PC
> **$270K** approved 04/08/2020 · Paid in Full · Loan `8428367005`
## Borrower
- **Name:** JAY TRUCKS AND ASSOCIATES, PC
- **Address:** 600 PINE ST, CLARE, MI, 48617-1536
- **NAICS:** 541110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $9K
- **Utilities:** $2K
- **Health care:** $22K
- **Jobs reported:** 20
## 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*