# PPP loan: PARAGON READY MIX INC.
> **$778K** approved 04/09/2020 · Paid in Full · Loan `9563897008`
## Borrower
- **Name:** PARAGON READY MIX INC.
- **Address:** 4800 Hixson Avenue 0.0, Utica, MI, 48317-2731
- **NAICS:** 327320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $778K
- **Initial approval:** $778K
- **Forgiven:** $787K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $570K
- **Rent:** $47K
- **Mortgage interest:** $54K
- **Utilities:** $15K
- **Health care:** $92K
- **Jobs reported:** 41
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*