# PPP loan: SRC, INC.
> **$620K** approved 04/07/2020 · Paid in Full · Loan `6784537005`
## Borrower
- **Name:** SRC, INC.
- **Address:** 6620 19 MILE RD, STERLING HEIGHTS, MI, 48314-2111
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $624K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $591K
- **Rent:** $22K
- **Utilities:** $7K
- **Jobs reported:** 59
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*