# PPP loan: SPEEDEE OF LAPEER N, INC.
> **$160K** approved 04/12/2020 · Paid in Full · Loan `4132867103`
## Borrower
- **Name:** SPEEDEE OF LAPEER N, INC.
- **Address:** 3300 LONE PINE RD, WEST BLOOMFIELD, MI, 48323-3324
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $112K
- **Rent:** $37K
- **Utilities:** $10K
- **Jobs reported:** 45
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*