# PPP loan: REPCOLITE PAINTS, INC.
> **$947K** approved 04/09/2020 · Paid in Full · Loan `9228347010`
## Borrower
- **Name:** REPCOLITE PAINTS, INC.
- **Address:** 473 W 17th Street, HOLLAND, MI, 49423-3443
- **NAICS:** 444120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $947K
- **Initial approval:** $947K
- **Forgiven:** $954K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $696K
- **Rent:** $126K
- **Utilities:** $20K
- **Health care:** $88K
- **Debt interest:** $17K
- **Jobs reported:** 85
## 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*