# PPP loan: DEXTER RESEARCH CENTER INC
> **$685K** approved 04/09/2020 · Paid in Full · Loan `9217127008`
## Borrower
- **Name:** DEXTER RESEARCH CENTER INC
- **Address:** 7300 HURON RIVER DR, DEXTER, MI, 48130-1065
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $685K
- **Initial approval:** $685K
- **Forgiven:** $689K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $514K
- **Utilities:** $171K
- **Jobs reported:** 54
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*