# PPP loan: VAN PAEMEL SALES INC
> **$221K** approved 04/15/2020 · Paid in Full · Loan `9812567103`
## Borrower
- **Name:** VAN PAEMEL SALES INC
- **Address:** 29169 23 Mile Rd, Chesterfield Twp, MI, 48047-1857
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $201K (91%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 19
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*