# PPP loan: RHOADES ENGINEERING CORPORATION
> **$301K** approved 04/29/2020 · Paid in Full · Loan `2695147300`
## Borrower
- **Name:** RHOADES ENGINEERING CORPORATION
- **Address:** 4801 Henry St., Muskegon, MI, 49441-5434
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $241K
- **Mortgage interest:** $60K
- **Jobs reported:** 14
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*