# PPP loan: SHOULDICE INDUSTRIAL MANUFACTURERS AND CONTRACTORS INC.
> **$3.41M** approved 04/12/2020 · Paid in Full · Loan `3679457108`
## Borrower
- **Name:** SHOULDICE INDUSTRIAL MANUFACTURERS AND CONTRACTORS INC.
- **Address:** 182 ELM STREET, BATTLE CREEK, MI, 49014-4000
- **NAICS:** 332322
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.41M
- **Initial approval:** $3.41M
- **Forgiven:** $3.45M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.73M
- **Mortgage interest:** $682K
- **Jobs reported:** 95
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*