# PPP loan: OAKWOOD PRODUCTS, INC.
> **$705K** approved 04/07/2020 · Paid in Full · Loan `7470937009`
## Borrower
- **Name:** OAKWOOD PRODUCTS, INC.
- **Address:** 730 COLUMBIA HIGHWAY NORTH, ESTILL, SC, 29918
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $705K
- **Initial approval:** $616K
- **Forgiven:** $711K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $529K
- **Rent:** $176K
- **Jobs reported:** 32
## Lender
- **Originating:** Palmetto State Bank
- **Servicing:** Palmetto State Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*