# PPP loan: STATE HEAT TREATING COMPANY
> **$176K** approved 02/03/2021 · Paid in Full · Loan `2535618405`
## Borrower
- **Name:** STATE HEAT TREATING COMPANY
- **Address:** 530 32nd St SE, Grand Rapids, MI, 49548-2304
- **NAICS:** 332811
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $176K
- **Utilities:** $1
- **Jobs reported:** 297
## Lender
- **Originating:** Macatawa Bank
- **Servicing:** Macatawa Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*