# PPP loan: SHURPAC, INC
> **$365K** approved 04/09/2020 · Paid in Full · Loan `9816117007`
## Borrower
- **Name:** SHURPAC, INC
- **Address:** 1700 PHILLIPS AVE, RACINE, WI, 53403-2502
- **NAICS:** 325510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $365K
- **Forgiven:** $370K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $284K
- **Rent:** $24K
- **Mortgage interest:** $7K
- **Utilities:** $51K
- **Jobs reported:** 43
## Lender
- **Originating:** Community State Bank
- **Servicing:** Community State Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*