# PPP loan: HYDRA-FLEX, INC.
> **$433K** approved 04/09/2020 · Paid in Full · Loan `9620177001`
## Borrower
- **Name:** HYDRA-FLEX, INC.
- **Address:** 32975 Industrial Road 0.0, Livonia, MI, 48150-1617
- **NAICS:** 332912
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $433K
- **Initial approval:** $433K
- **Forgiven:** $439K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $305K
- **Mortgage interest:** $63K
- **Utilities:** $12K
- **Health care:** $43K
- **Debt interest:** $10K
- **Jobs reported:** 39
## 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*