# PPP loan: KLEYN ELECTRIC INC.
> **$399K** approved 01/30/2021 · Paid in Full · Loan `9533048300`
## Borrower
- **Name:** KLEYN ELECTRIC INC.
- **Address:** 0306 Northern Dr NW, Grand Rapids, MI, 49534-3700
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $399K
- **Initial approval:** $399K
- **Forgiven:** $400K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $399K
- **Utilities:** $1
- **Jobs reported:** 29
## 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*