# PPP loan: AUTOCATALYST RECYCLING CORPORATION
> **$187K** approved 04/08/2020 · Paid in Full · Loan `8537977010`
## Borrower
- **Name:** AUTOCATALYST RECYCLING CORPORATION
- **Address:** 25234 TROWBRIDGE ST, DEARBORN, MI, 48124-2415
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $25K
- **Utilities:** $6K
- **Health care:** $16K
- **Jobs reported:** 11
## 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*