# PPP loan: HARPER ELECTRIC INC.
> **$325K** approved 03/12/2021 · Paid in Full · Loan `1220268604`
## Borrower
- **Name:** HARPER ELECTRIC INC.
- **Address:** 6920 Jackson Rd, Ann Arbor, MI, 48103-9133
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $325K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*