# PPP loan: MICHIGAN ASSET GROUP LLC
> **$462K** approved 05/01/2020 · Paid in Full · Loan `1688317703`
## Borrower
- **Name:** MICHIGAN ASSET GROUP LLC
- **Address:** 1161 E CLARK RD STE 236, DEWITT, MI, 48820
- **NAICS:** 531210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $462K
- **Initial approval:** $462K
- **Forgiven:** $467K (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $412K
- **Rent:** $3K
- **Utilities:** $804
- **Health care:** $47K
- **Jobs reported:** 36
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*