# PPP loan: LAKELAND ASPHALT CORPORATION
> **$850K** approved 04/14/2020 · Paid in Full · Loan `7097457106`
## Borrower
- **Name:** LAKELAND ASPHALT CORPORATION
- **Address:** 548 AVENUE A, SPRINGFIELD, MI, 49037
- **NAICS:** 324121
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $864K (102%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $850K
- **Jobs reported:** 50
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*