# PPP loan: HYDRO-CHEM SYSTEMS, INC.
> **$740K** approved 04/06/2020 · Paid in Full · Loan `6356917005`
## Borrower
- **Name:** HYDRO-CHEM SYSTEMS, INC.
- **Address:** 6605 Broadmoor Ave SE, Caledonia, MI, 49316-9511
- **NAICS:** 333318
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $745K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $740K
- **Jobs reported:** 50
## Lender
- **Originating:** Lake Michigan CU
- **Servicing:** Lake Michigan CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*