# PPP loan: SAVOY EXPLORATION INC.
> **$226K** approved 01/25/2021 · Paid in Full · Loan `5183068307`
## Borrower
- **Name:** SAVOY EXPLORATION INC.
- **Address:** 920 Hastings St Ste A, Traverse City, MI, 49686-3443
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $228K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $226K
- **Jobs reported:** 10
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*