# PPP loan: PANEL PROCESSING INC.
> **$1.36M** approved 04/10/2020 · Paid in Full · Loan `2067947107`
## 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:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.36M
- **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*