# PPP loan: LAPEER IND - CNC INC
> **$1.21M** approved 01/28/2021 · Exemption 4 · Loan `7457578304`
## Borrower
- **Name:** LAPEER IND - CNC INC
- **Address:** 700 S Main St Ste 213, Lapeer, MI, 48446-3085
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $594K (49%)
- **Forgiveness date:** 09/30/2024
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.21M
- **Utilities:** $1
- **Jobs reported:** 95
## Lender
- **Originating:** Dort Financial CU
- **Servicing:** Dort Financial CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*