# PPP loan: DORTCH ENTERPRISES, LLC
> **$2.50M** approved 04/08/2020 · Paid in Full · Loan `7825097006`
## Borrower
- **Name:** DORTCH ENTERPRISES, LLC
- **Address:** 8487 RETREAT DR, GRAND BLANC, MI, 48439-2564
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.50M
- **Initial approval:** $2.50M
- **Forgiven:** $2.53M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.00M
- **Rent:** $125K
- **Mortgage interest:** $125K
- **Utilities:** $125K
- **Debt interest:** $125K
- **Jobs reported:** 500
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*