# PPP loan: AVALON NONPROFIT HOUSING CORPORATION
> **$772K** approved 04/10/2020 · Paid in Full · Loan `1316607107`
## Borrower
- **Name:** AVALON NONPROFIT HOUSING CORPORATION
- **Address:** 1327 JONES DR STE 102, ANN ARBOR, MI, 48105-1820
- **NAICS:** 531110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $772K
- **Initial approval:** $772K
- **Forgiven:** $778K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $749K
- **Rent:** $20K
- **Utilities:** $3K
- **Jobs reported:** 87
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*