# PPP loan: MICHIGAN TRUCK SPRING OF SAGINAW, INC
> **$550K** approved 05/01/2020 · Paid in Full · Loan `1218917701`
## Borrower
- **Name:** MICHIGAN TRUCK SPRING OF SAGINAW, INC
- **Address:** 3649 WOLF RD, SAGINAW, MI, 48601
- **NAICS:** 423120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Rent:** $40K
- **Utilities:** $10K
- **Health care:** $20K
- **Jobs reported:** 40
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*