# PPP loan: CHELSEA LUMBER COMPANY
> **$1.66M** approved 04/05/2020 · Paid in Full · Loan `5348947009`
## Borrower
- **Name:** CHELSEA LUMBER COMPANY
- **Address:** 1 Old Barn Circle, CHELSEA, MI, 48118-1499
- **NAICS:** 444130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.67M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.66M
- **Jobs reported:** 127
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*