# PPP loan: LUBE-POWER INC
> **$939K** approved 01/28/2021 · Paid in Full · Loan `7180548302`
## Borrower
- **Name:** LUBE-POWER INC
- **Address:** 50146 Utica Dr, Shelby Township, MI, 48315-3293
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $939K
- **Initial approval:** $939K
- **Forgiven:** $947K (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $939K
- **Utilities:** $1
- **Jobs reported:** 43
## 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*