# PPP loan: AMERICAN ASPHALT, INC.
> **$384K** approved 04/06/2020 · Paid in Full · Loan `6365417010`
## Borrower
- **Name:** AMERICAN ASPHALT, INC.
- **Address:** 302 CHARLES ST, LANSING, MI, 48912-3902
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $382K
- **Forgiven:** $387K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $384K
- **Jobs reported:** 27
## Lender
- **Originating:** The Dart Bank
- **Servicing:** The Dart Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*