# PPP loan: ROCHESTER #3, LLC
> **$152K** approved 04/10/2020 · Paid in Full · Loan `1580107109`
## Borrower
- **Name:** ROCHESTER #3, LLC
- **Address:** 101 W. AUBURN RD, ROCHESTER HILLS, MI, 48307-5002
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $154K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $89K
- **Rent:** $52K
- **Utilities:** $12K
- **Jobs reported:** 34
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*