# PPP loan: HORNE BUILDING SPECIALTIES, INC.
> **$988K** approved 04/06/2020 · Paid in Full · Loan `5757667009`
## Borrower
- **Name:** HORNE BUILDING SPECIALTIES, INC.
- **Address:** 2120 OAK INDUSTRIAL DR NE, GRAND RAPIDS, MI, 49505-6014
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $988K
- **Initial approval:** $988K
- **Forgiven:** $995K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $815K
- **Rent:** $83K
- **Utilities:** $15K
- **Health care:** $60K
- **Debt interest:** $15K
- **Jobs reported:** 63
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*