# PPP loan: RICH'S CADILLAC TRUCK SERVICE, INC.
> **$285K** approved 04/09/2020 · Paid in Full · Loan `9398267002`
## Borrower
- **Name:** RICH'S CADILLAC TRUCK SERVICE, INC.
- **Address:** 4675 S 39 1/2 Rd, CADILLAC, MI, 49601-9636
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Rent:** $13K
- **Mortgage interest:** $19K
- **Utilities:** $5K
- **Health care:** $2K
- **Debt interest:** $528
- **Jobs reported:** 31
## 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*