# PPP loan: LEIGHTRONIX INCORPORATED
> **$335K** approved 04/08/2020 · Paid in Full · Loan `8588857009`
## Borrower
- **Name:** LEIGHTRONIX INCORPORATED
- **Address:** 3737 Coolidge Road, EAST LANSING, MI, 48823-8019
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $339K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Rent:** $78K
- **Utilities:** $6K
- **Jobs reported:** 23
## 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*