# PPP loan: JOMAT INDUSTRIES LTD.
> **$208K** approved 02/10/2021 · Paid in Full · Loan `6096308401`
## Borrower
- **Name:** JOMAT INDUSTRIES LTD.
- **Address:** 131 McLean, Bruce Twp, MI, 48065-4919
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $207K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*