# PPP loan: HODGES SUPPLY COMPANY
> **$425K** approved 05/01/2020 · Paid in Full · Loan `1874047709`
## Borrower
- **Name:** HODGES SUPPLY COMPANY
- **Address:** 1730 E. Highwood, Pontiac, MI, 48340
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $273K
- **Rent:** $90K
- **Mortgage interest:** $2K
- **Utilities:** $18K
- **Health care:** $42K
- **Jobs reported:** 37
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*