# PPP loan: K&B ASPHALT & SEALCOATING INC.
> **$225K** approved 01/22/2021 · Paid in Full · Loan `3646668308`
## Borrower
- **Name:** K&B ASPHALT & SEALCOATING INC.
- **Address:** 120 N Main St, Adrian, MI, 49221-2745
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $226K (100%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $225K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Bank Michigan
- **Servicing:** Bank Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*