# PPP loan: DM WOOD INC
> **$238K** approved 04/28/2020 · Paid in Full · Loan `8891357200`
## Borrower
- **Name:** DM WOOD INC
- **Address:** 2350 PIPESTONE RD, BENTON HARBOR, MI, 49022-2428
- **NAICS:** 561311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Rent:** $5K
- **Utilities:** $3K
- **Health care:** $1K
- **Debt interest:** $2K
- **Jobs reported:** 29
## Lender
- **Originating:** Sturgis Bank & Trust Company
- **Servicing:** Sturgis Bank & Trust Company (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*