# PPP loan: DIAMOND ASPHALT INC.
> **$405K** approved 01/22/2021 · Paid in Full · Loan `3506968302`
## Borrower
- **Name:** DIAMOND ASPHALT INC.
- **Address:** 5913 N Heritage Ct, Midland, MI, 48640-3129
- **NAICS:** 324121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $405K
- **Initial approval:** $416K
- **Forgiven:** $409K (101%)
- **Forgiveness date:** 12/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $405K
- **Utilities:** $1
- **Jobs reported:** 44
## Lender
- **Originating:** Lake Trust CU
- **Servicing:** Lake Trust CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*