# PPP loan: ULTIMATE HYDROFORMING INC.
> **$2.00M** approved 01/21/2021 · Paid in Full · Loan `2829668306`
## Borrower
- **Name:** ULTIMATE HYDROFORMING INC.
- **Address:** 42450 Yearego Dr, Sterling Heights, MI, 48314-3262
- **NAICS:** 332439
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 142
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*