# PPP loan: THE NELSON PAINT COMPANY
> **$246K** approved 04/09/2020 · Paid in Full · Loan `9255057001`
## Borrower
- **Name:** THE NELSON PAINT COMPANY
- **Address:** 1 NELSON DR, KINGSFORD, MI, 49802-4561
- **NAICS:** 325510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Utilities:** $14K
- **Health care:** $42K
- **Jobs reported:** 30
## Lender
- **Originating:** Range Bank
- **Servicing:** Range Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*