# PPP loan: DRY COOLERS, INC.
> **$657K** approved 04/11/2020 · Paid in Full · Loan `2610617105`
## Borrower
- **Name:** DRY COOLERS, INC.
- **Address:** 575 S GLASPIE ST, OXFORD, MI, 48371
- **NAICS:** 332510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $661K (101%)
- **Forgiveness date:** 12/18/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $539K
- **Rent:** $30K
- **Utilities:** $14K
- **Health care:** $74K
- **Jobs reported:** 51
## 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*