# PPP loan: NEW 9, INC.
> **$495K** approved 04/08/2020 · Paid in Full · Loan `8719087004`
## Borrower
- **Name:** NEW 9, INC.
- **Address:** 1411 Michigan St NE, GRAND RAPIDS, MI, 49503-2005
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Health care:** $67K
- **Jobs reported:** 32
## 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*