# PPP loan: STANDARD COATING INC.
> **$562K** approved 02/07/2021 · Paid in Full · Loan `4872878402`
## Borrower
- **Name:** STANDARD COATING INC.
- **Address:** 32565 Dequindre Rd, Madison Heights, MI, 48071-1520
- **NAICS:** 424950
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Forgiven:** $565K (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $562K
- **Utilities:** $1
- **Jobs reported:** 81
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*