# PPP loan: LINCOLN PRECISION CARBIDE INC
> **$201K** approved 04/09/2020 · Paid in Full · Loan `9954667006`
## Borrower
- **Name:** LINCOLN PRECISION CARBIDE INC
- **Address:** 600 S SECOND STREET, LINCOLN, MI, 48742-0421
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Rent:** $11K
- **Utilities:** $10K
- **Debt interest:** $7K
- **Jobs reported:** 22
## Lender
- **Originating:** Huron Community Bank
- **Servicing:** Huron Community Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*