# PPP loan: MCPHERSON INDUSTRIAL CORPORATION
> **$465K** approved 01/28/2021 · Paid in Full · Loan `7402678302`
## Borrower
- **Name:** MCPHERSON INDUSTRIAL CORPORATION
- **Address:** 120 E Pond Dr, Romeo, MI, 48065-4902
- **NAICS:** 333514
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $465K
- **Initial approval:** $465K
- **Forgiven:** $467K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $465K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Tri-County Bank
- **Servicing:** Tri-County Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*