# PPP loan: HAYES SPECIALTIES CORPORATION
> **$167K** approved 04/10/2020 · Paid in Full · Loan `1511137103`
## Borrower
- **Name:** HAYES SPECIALTIES CORPORATION
- **Address:** 1761 E. GENESEE AVE, SAGINAW, MI, 48601-2407
- **NAICS:** 453220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $169K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $135K
- **Rent:** $17K
- **Utilities:** $10K
- **Debt interest:** $5K
- **Jobs reported:** 12
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*