# PPP loan: KINROSS FAB & MACHINE INC.
> **$156K** approved 04/09/2020 · Paid in Full · Loan `8928037007`
## Borrower
- **Name:** KINROSS FAB & MACHINE INC.
- **Address:** 17422 S DOLAN ST, KINCHELOE, MI, 49788-1615
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Rent:** $14K
- **Utilities:** $9K
- **Health care:** $8K
- **Debt interest:** $4K
- **Jobs reported:** 20
## Lender
- **Originating:** Central Savings Bank
- **Servicing:** Central Savings Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*