# PPP loan: YEAGER ASPHALT, INCORPORATED
> **$468K** approved 04/04/2020 · Paid in Full · Loan `4612087006`
## Borrower
- **Name:** YEAGER ASPHALT, INCORPORATED
- **Address:** 402 Hickory, CARROLLTON, MI, 48724-0189
- **NAICS:** 324121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $468K
- **Initial approval:** $468K
- **Forgiven:** $471K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $427K
- **Utilities:** $15K
- **Health care:** $23K
- **Debt interest:** $3K
- **Jobs reported:** 50
## 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*