# PPP loan: SERVICAR OF MICHIGAN INC
> **$197K** approved 05/01/2020 · Paid in Full · Loan `1403367704`
## Borrower
- **Name:** SERVICAR OF MICHIGAN INC
- **Address:** 4354 NORMANDY CT, ROYAL OAK, MI, 48073
- **NAICS:** 485113
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Health care:** $19K
- **Jobs reported:** 27
## 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*