# PPP loan: DUMBARTON TOOL, INC.
> **$167K** approved 04/08/2020 · Charged Off · Loan `7855257007`
## Borrower
- **Name:** DUMBARTON TOOL, INC.
- **Address:** 151 CLAY DR, CADILLAC, MI, 49601-8614
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $67K
- **Mortgage interest:** $2K
- **Utilities:** $2K
- **Health care:** $7K
- **Debt interest:** $30K
- **Jobs reported:** 12
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*