# PPP loan: LANE AUTOMOTIVE INC
> **$4.31M** approved 04/27/2020 · Paid in Full · Loan `3490347204`
## Borrower
- **Name:** LANE AUTOMOTIVE INC
- **Address:** 8300 Lane Drive, Watervliet, MI, 49098-9583
- **NAICS:** 423140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.31M
- **Initial approval:** $4.31M
- **Forgiven:** $4.36M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.31M
- **Jobs reported:** 401
## Lender
- **Originating:** Honor CU
- **Servicing:** Honor CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*