# PPP loan: THREE SPEED ALES LLC
> **$210K** approved 04/09/2020 · Paid in Full · Loan `8987917000`
## Borrower
- **Name:** THREE SPEED ALES LLC
- **Address:** 303 Main St., FRANKFORT, MI, 49635-9047
- **NAICS:** 424810
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $212K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $30K
- **Mortgage interest:** $7K
- **Utilities:** $13K
- **Jobs reported:** 25
## Lender
- **Originating:** State Savings Bank
- **Servicing:** State Savings Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*