# PPP loan: CHEAP CHARLIE'S, INC.
> **$226K** approved 05/01/2020 · Paid in Full · Loan `8801007306`
## Borrower
- **Name:** CHEAP CHARLIE'S, INC.
- **Address:** 4495 24th Ave., Fort Gratiot, MI, 48059-3810
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Rent:** $43K
- **Health care:** $13K
- **Jobs reported:** 47
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*