# PPP loan: HODGINS ASPHALT PAVING INC
> **$169K** approved 04/07/2020 · Paid in Full · Loan `6501237010`
## Borrower
- **Name:** HODGINS ASPHALT PAVING INC
- **Address:** 1659 S DOW RD PO BOX 720, WEST BRANCH, MI, 48661-0720
- **NAICS:** 324121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $918
- **Mortgage interest:** $501
- **Utilities:** $5K
- **Health care:** $852
- **Debt interest:** $3K
- **Jobs reported:** 20
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*