# PPP loan: ROCHESTER #1, INC.
> **$159K** approved 04/10/2020 · Paid in Full · Loan `1436957101`
## Borrower
- **Name:** ROCHESTER #1, INC.
- **Address:** 808 SOUTH ROCHESTER RD, ROCHESTER HILLS, MI, 48307-2740
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $161K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $128K
- **Rent:** $32K
- **Jobs reported:** 35
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*