# PPP loan: WEFA CEDAR, INC.
> **$159K** approved 05/01/2020 · Paid in Full · Loan `3246207707`
## Borrower
- **Name:** WEFA CEDAR, INC.
- **Address:** 104 W BEECH ST, CEDAR SPRINGS, MI, 49319
- **NAICS:** 333514
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $122K
- **Rent:** $6K
- **Mortgage interest:** $4K
- **Utilities:** $12K
- **Health care:** $10K
- **Debt interest:** $5K
- **Jobs reported:** 110
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*