# PPP loan: ALBAR INDUSTRIES INC.
> **$1.44M** approved 01/23/2021 · Exemption 4 · Loan `4621538302`
## Borrower
- **Name:** ALBAR INDUSTRIES INC.
- **Address:** 780 Whitney Dr, Lapeer, MI, 48446-2565
- **NAICS:** 336310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.44M
- **Initial approval:** $1.44M
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.44M
- **Utilities:** $1
- **Jobs reported:** 187
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*