# PPP loan: PANEL PROCESSING INC.
> **$1.36M** approved 02/02/2021 · Paid in Full · Loan `1554058404`
## Borrower
- **Name:** PANEL PROCESSING INC.
- **Address:** 1030 Devere Dr, Alpena, MI, 49707-8163
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 05/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.36M
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** Nicolet National Bank
- **Servicing:** Nicolet National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*