# PPP loan: KROL COMMUNICATIONS INC
> **$451K** approved 04/10/2020 · Paid in Full · Loan `1313667108`
## Borrower
- **Name:** KROL COMMUNICATIONS INC
- **Address:** 103 N WASHINGTON ST, OWOSSO, MI, 48867-2819
- **NAICS:** 515111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $451K
- **Initial approval:** $451K
- **Forgiven:** $398K (88%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Rent:** $45K
- **Mortgage interest:** $6K
- **Utilities:** $15K
- **Jobs reported:** 40
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*