# PPP loan: HART ASSOCIATES, INC.
> **$1.06M** approved 04/03/2020 · Paid in Full · Loan `4543877002`
## Borrower
- **Name:** HART ASSOCIATES, INC.
- **Address:** 811 Madison Avenue, TOLEDO, OH, 43604-5611
- **NAICS:** 541810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.06M
- **Initial approval:** $1.06M
- **Forgiven:** $1.07M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $850K
- **Rent:** $80K
- **Mortgage interest:** $2K
- **Utilities:** $55K
- **Health care:** $75K
- **Jobs reported:** 56
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*