# PPP loan: ANDRONACO INC
> **$3.20M** approved 04/06/2020 · Paid in Full · Loan `6248767000`
## Borrower
- **Name:** ANDRONACO INC
- **Address:** 4855 Broadmoor Ave SE, GRAND RAPIDS, MI, 49512-5360
- **NAICS:** 326220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.20M
- **Initial approval:** $3.20M
- **Forgiven:** $3.25M (101%)
- **Forgiveness date:** 09/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.40M
- **Utilities:** $129K
- **Health care:** $133K
- **Jobs reported:** 201
## 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*