# PPP loan: LIFECARE, INC
> **$2.29M** approved 04/09/2020 · Paid in Full · Loan `9226567002`
## Borrower
- **Name:** LIFECARE, INC
- **Address:** 1400 DRAKE RD, KALAMAZOO, MI, 49006-1978
- **NAICS:** 623311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.29M
- **Initial approval:** $2.29M
- **Forgiven:** $2.31M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.77M
- **Mortgage interest:** $122K
- **Utilities:** $112K
- **Health care:** $260K
- **Debt interest:** $26K
- **Jobs reported:** 376
## 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*