# PPP loan: CORRECT COMPRESSION OPERATING INC.
> **$275K** approved 01/20/2021 · Paid in Full · Loan `2200018302`
## Borrower
- **Name:** CORRECT COMPRESSION OPERATING INC.
- **Address:** 11903 Chippewa Hwy, Bear Lake, MI, 49614-9424
- **NAICS:** 213111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $276K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** West Shore Bank
- **Servicing:** West Shore Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*