# PPP loan: POLYPLY COMPOSITES, LLC
> **$364K** approved 04/08/2020 · Paid in Full · Loan `8700477003`
## Borrower
- **Name:** POLYPLY COMPOSITES, LLC
- **Address:** 1540 Marion Avenue, GRAND HAVEN, MI, 49417-2368
- **NAICS:** 325211
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $364K
- **Initial approval:** $364K
- **Forgiven:** $368K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $273K
- **Rent:** $91K
- **Jobs reported:** 44
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*