# PPP loan: WOODWARD NO. 1, INC.
> **$218K** approved 04/09/2020 · Paid in Full · Loan `9280967005`
## Borrower
- **Name:** WOODWARD NO. 1, INC.
- **Address:** 2766 ANTRIM CT, OAKLAND TOWNSHIP, MI, 48306-4902
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $82K
- **Rent:** $120K
- **Utilities:** $16K
- **Jobs reported:** 54
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*