# PPP loan: SAWDUST LUMBER COMPANY
> **$700K** approved 04/06/2020 · Paid in Full · Loan `5619667000`
## Borrower
- **Name:** SAWDUST LUMBER COMPANY
- **Address:** 725 Spring Street, BLANCHARD, MI, 49310-9725
- **NAICS:** 423310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $704K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $553K
- **Rent:** $13K
- **Utilities:** $9K
- **Health care:** $110K
- **Debt interest:** $15K
- **Jobs reported:** 74
## Lender
- **Originating:** Isabella Bank
- **Servicing:** Isabella Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*