# PPP loan: CALUMET ELECTRONICS CORPORATION
> **$1.97M** approved 04/10/2020 · Paid in Full · Loan `1721897106`
## Borrower
- **Name:** CALUMET ELECTRONICS CORPORATION
- **Address:** 25830 DEPOT ST, CALUMET, MI, 49913-1985
- **NAICS:** 334412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.97M
- **Initial approval:** $1.97M
- **Forgiven:** $1.99M (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.57M
- **Utilities:** $392K
- **Health care:** $8K
- **Debt interest:** $2K
- **Jobs reported:** 281
## Lender
- **Originating:** Peoples State Bank of Munising
- **Servicing:** Peoples State Bank of Munising (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*