# PPP loan: PROCESS ENGINEERING & EQUIPMENT COMPANY
> **$580K** approved 01/30/2021 · Paid in Full · Loan `9204628307`
## Borrower
- **Name:** PROCESS ENGINEERING & EQUIPMENT COMPANY
- **Address:** 571 6 Mile Rd NW, Comstock Park, MI, 49321-9594
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $580K
- **Initial approval:** $580K
- **Forgiven:** $583K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $580K
- **Utilities:** $1
- **Jobs reported:** 37
## 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*