# PPP loan: CLASSIC PRODUCTS CORP
> **$1.01M** approved 04/05/2020 · Paid in Full · Loan `5522477006`
## Borrower
- **Name:** CLASSIC PRODUCTS CORP
- **Address:** 4617 INDUSTRIAL RD, FORT WAYNE, IN, 46825-5205
- **NAICS:** 423910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $653K
- **Rent:** $146K
- **Utilities:** $84K
- **Health care:** $107K
- **Debt interest:** $22K
- **Jobs reported:** 104
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*