# PPP loan: THE FREE METHODIST FOUNDATION
> **$530K** approved 04/28/2020 · Paid in Full · Loan `1398047304`
## Borrower
- **Name:** THE FREE METHODIST FOUNDATION
- **Address:** 8050 Spring Arbor Rd., Spring Arbor, MI, 49283-9733
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $533K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $424K
- **Mortgage interest:** $106K
- **Jobs reported:** 26
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*