# PPP loan: PALADIN IND. INC.
> **$468K** approved 04/09/2020 · Paid in Full · Loan `9768767008`
## Borrower
- **Name:** PALADIN IND. INC.
- **Address:** 4990 W, GREENBROOKE DR SE, GRAND RAPIDS, MI, 49512-5400
- **NAICS:** 337214
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $468K
- **Initial approval:** $468K
- **Forgiven:** $471K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $375K
- **Health care:** $93K
- **Jobs reported:** 37
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*