# PPP loan: WATSON BROS SERVICE COMPANY INC.
> **$500K** approved 01/23/2021 · Paid in Full · Loan `4485498308`
## Borrower
- **Name:** WATSON BROS SERVICE COMPANY INC.
- **Address:** 3433 Electric Ave, Port Huron, MI, 48060-6619
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 12/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $500K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*