# PPP loan: MOULTHROP-CLIFT, INC.
> **$305K** approved 04/04/2020 · Paid in Full · Loan `4618267002`
## Borrower
- **Name:** MOULTHROP-CLIFT, INC.
- **Address:** 701 N Madison, BAY CITY, MI, 48708-6464
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $305K
- **Initial approval:** $305K
- **Forgiven:** $307K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $256K
- **Rent:** $10K
- **Utilities:** $5K
- **Health care:** $34K
- **Jobs reported:** 16
## 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*