# PPP loan: R & K SERVICES INC
> **$173K** approved 04/27/2020 · Paid in Full · Loan `5637647205`
## Borrower
- **Name:** R & K SERVICES INC
- **Address:** 128 E. Grant Street, Alpena, MI, 49707
- **NAICS:** 561720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Utilities:** $43K
- **Jobs reported:** 60
## Lender
- **Originating:** Northland Area FCU
- **Servicing:** Northland Area FCU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*