# PPP loan: GREAT LAKES STAINLESS, INC.
> **$661K** approved 04/28/2020 · Paid in Full · Loan `6688937203`
## Borrower
- **Name:** GREAT LAKES STAINLESS, INC.
- **Address:** 1305 Stepke Court, Traverse City, MI, 49685-9331
- **NAICS:** 332322
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $661K
- **Initial approval:** $651K
- **Forgiven:** $667K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $515K
- **Rent:** $34K
- **Utilities:** $8K
- **Health care:** $75K
- **Debt interest:** $30K
- **Jobs reported:** 55
## Lender
- **Originating:** Honor Bank
- **Servicing:** Honor Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*