# PPP loan: STENGER & STENGER, P.C.
> **$1.41M** approved 04/06/2020 · Paid in Full · Loan `6416297001`
## Borrower
- **Name:** STENGER & STENGER, P.C.
- **Address:** 2618 EAST PARIS AVE, GRAND RAPIDS, MI, 49546-2458
- **NAICS:** 541110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Rent:** $79K
- **Utilities:** $31K
- **Health care:** $10K
- **Debt interest:** $200
- **Jobs reported:** 146
## 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*