# PPP loan: HERCO LLC
> **$165K** approved 04/28/2020 · Paid in Full · Loan `1523467301`
## Borrower
- **Name:** HERCO LLC
- **Address:** 1557 HAMLIN RD, ROCHESTER HILLS, MI, 48309-3353
- **NAICS:** 423510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 12
## Lender
- **Originating:** Oxford Bank
- **Servicing:** Oxford Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*