# PPP loan: MICHIGAN COMMERCIAL INSURANCE MUTUAL CORPORATION
> **$587K** approved 05/01/2020 · Paid in Full · Loan `1127457808`
## Borrower
- **Name:** MICHIGAN COMMERCIAL INSURANCE MUTUAL CORPORATION
- **Address:** 6948 Professional Parkway East, Sarasota, FL, 34240-8414
- **NAICS:** 524210
- **Business type:** —
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $590K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $587K
- **Jobs reported:** 32
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*