# PPP loan: MARCECO LTD
> **$5.53M** approved 04/08/2020 · Paid in Full · Loan `8485107004`
## Borrower
- **Name:** MARCECO LTD
- **Address:** 3939 N. Greenbrooke Dr SE, GRAND RAPIDS, MI, 49512-5328
- **NAICS:** 517312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.53M
- **Initial approval:** $5.53M
- **Forgiven:** $5.61M (101%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.53M
- **Rent:** $1.00M
- **Jobs reported:** 500
## 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*