# PPP loan: KMPD, INC.
> **$160K** approved 01/16/2021 · Exemption 4 · Loan `1248028310`
## Borrower
- **Name:** KMPD, INC.
- **Address:** 915 Razorback Dr, Houghton, MI, 49931-2801
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $140K (88%)
- **Forgiveness date:** 12/28/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 36
## Lender
- **Originating:** First Bank, Upper Michigan
- **Servicing:** First Bank, Upper Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*