# PPP loan: LOVELACE PUMP COMPANY, INC.
> **$197K** approved 04/14/2020 · Paid in Full · Loan `7688197102`
## Borrower
- **Name:** LOVELACE PUMP COMPANY, INC.
- **Address:** 9914 COUNTY ROAD M, ARGYLE, WI, 53504-9712
- **NAICS:** 237110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Mortgage interest:** $10K
- **Utilities:** $10K
- **Jobs reported:** 15
## Lender
- **Originating:** Woodford State Bank
- **Servicing:** Woodford State Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*