# PPP loan: VICTOR S. BARNES & COMPANY
> **$875K** approved 04/09/2020 · Paid in Full · Loan `9550597002`
## Borrower
- **Name:** VICTOR S. BARNES & COMPANY
- **Address:** 1927 Will Ave. NW 0.0, Grand Rapids, MI, 49504-2035
- **NAICS:** 423310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $875K
- **Initial approval:** $875K
- **Forgiven:** $886K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $729K
- **Rent:** $56K
- **Utilities:** $20K
- **Health care:** $71K
- **Jobs reported:** 60
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*