# PPP loan: GRAPHITE ELECTRODES LTD.
> **$238K** approved 02/25/2021 · Paid in Full · Loan `4054498502`
## Borrower
- **Name:** GRAPHITE ELECTRODES LTD.
- **Address:** 1311 N Sherman St, Bay City, MI, 48708-6070
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $239K (100%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $237K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*