# PPP loan: DOBSON INDUSTRIAL, INC.
> **$1.01M** approved 04/03/2020 · Paid in Full · Loan `4453167008`
## Borrower
- **Name:** DOBSON INDUSTRIAL, INC.
- **Address:** 3660 N. Euclid, BAY CITY, MI, 48706-2026
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $810K
- **Utilities:** $4K
- **Health care:** $200K
- **Jobs reported:** 43
## 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*