# PPP loan: VANKEMPEN ELECTRIC, INC
> **$297K** approved 04/09/2020 · Paid in Full · Loan `9168827009`
## Borrower
- **Name:** VANKEMPEN ELECTRIC, INC
- **Address:** 3716 DYKSTRA DR NW, WALKER, MI, 49544-9745
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Rent:** $9K
- **Utilities:** $2K
- **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*