# PPP loan: GLASSMASTER CONTROLS INC
> **$610K** approved 04/09/2020 · Paid in Full · Loan `9376237003`
## Borrower
- **Name:** GLASSMASTER CONTROLS INC
- **Address:** 831 COBB AVE, KALAMAZOO, MI, 49007-2444
- **NAICS:** 336390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $610K
- **Initial approval:** $610K
- **Forgiven:** $614K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $523K
- **Mortgage interest:** $5K
- **Utilities:** $34K
- **Health care:** $38K
- **Debt interest:** $10K
- **Jobs reported:** 66
## 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*