# PPP loan: TRUE NORTH COMPANY, INC.
> **$988K** approved 04/09/2020 · Paid in Full · Loan `9095677010`
## Borrower
- **Name:** TRUE NORTH COMPANY, INC.
- **Address:** 4475 SOMMERSET LN 24, BOYNE CITY, MI, 49712-8881
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $988K
- **Initial approval:** $988K
- **Forgiven:** $998K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $694K
- **Rent:** $234K
- **Utilities:** $60K
- **Jobs reported:** 225
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*