# PPP loan: SRC INC.
> **$674K** approved 01/20/2021 · Paid in Full · Loan `2224708302`
## Borrower
- **Name:** SRC INC.
- **Address:** 6620 19 Mile Rd, Sterling Heights, MI, 48314-2111
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $674K
- **Initial approval:** $674K
- **Forgiven:** $677K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $674K
- **Utilities:** $1
- **Jobs reported:** 59
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*