# PPP loan: FLOTATION DOCKING SYSTEMS, INC.
> **$350K** approved 04/29/2020 · Paid in Full · Loan `4306287303`
## Borrower
- **Name:** FLOTATION DOCKING SYSTEMS, INC.
- **Address:** 160 Hodeck Street, SAULT SAINTE MARIE, MI, 49783-0001
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $354K (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $263K
- **Mortgage interest:** $44K
- **Utilities:** $44K
- **Jobs reported:** 33
## Lender
- **Originating:** Old Mission Bank
- **Servicing:** 4Front Credit Union (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*