# PPP loan: AMERICAN HYDROSTATICS DISTRIBUTION, INC.
> **$608K** approved 01/25/2021 · Exemption 4 · Loan `5455948305`
## Borrower
- **Name:** AMERICAN HYDROSTATICS DISTRIBUTION, INC.
- **Address:** 3221 W Big Beaver Rd Ste 119, Troy, MI, 48084-2810
- **NAICS:** 221111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $608K
- **Initial approval:** $608K
- **Forgiven:** $424K (70%)
- **Forgiveness date:** 05/27/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $607K
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*