# PPP loan: VIBRATION RESEARCH CORPORATION
> **$820K** approved 04/08/2020 · Paid in Full · Loan `8445857001`
## Borrower
- **Name:** VIBRATION RESEARCH CORPORATION
- **Address:** 1294 CHICAGO DR, JENISON, MI, 49428-9308
- **NAICS:** 334118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $820K
- **Initial approval:** $820K
- **Forgiven:** $826K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $719K
- **Rent:** $24K
- **Utilities:** $6K
- **Health care:** $72K
- **Jobs reported:** 47
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*