# PPP loan: WOODWORKS INC
> **$568K** approved 05/01/2020 · Paid in Full · Loan `1142577709`
## Borrower
- **Name:** WOODWORKS INC
- **Address:** 2720 W 14 MILE RD, ROYAL OAK, MI, 48073
- **NAICS:** 337122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $568K
- **Initial approval:** $568K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $426K
- **Rent:** $64K
- **Utilities:** $25K
- **Health care:** $46K
- **Debt interest:** $7K
- **Jobs reported:** 5
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*