# PPP loan: UPPER PENINSULA POWER COMPANY
> **$4.15M** approved 04/07/2020 · Paid in Full · Loan `6641327004`
## Borrower
- **Name:** UPPER PENINSULA POWER COMPANY
- **Address:** 1002 HARBOR HILLS DR, MARQUETTE, MI, 49855-8851
- **NAICS:** 221122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.15M
- **Initial approval:** $4.15M
- **Forgiven:** $4.20M (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.32M
- **Debt interest:** $830K
- **Jobs reported:** 175
## Lender
- **Originating:** Range Bank
- **Servicing:** Range Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*