# PPP loan: EXCEL SALON PRODUCTS, INC.
> **$792K** approved 04/09/2020 · Paid in Full · Loan `9930877005`
## Borrower
- **Name:** EXCEL SALON PRODUCTS, INC.
- **Address:** 3498 Kraft Ave SE, GRAND RAPIDS, MI, 49512-2003
- **NAICS:** 423490
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $792K
- **Initial approval:** $792K
- **Forgiven:** $797K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $682K
- **Rent:** $33K
- **Utilities:** $17K
- **Health care:** $61K
- **Jobs reported:** 64
## 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*