# PPP loan: MACKINAC HOLDINGS, INC.
> **$703K** approved 04/10/2020 · Paid in Full · Loan `1703807108`
## Borrower
- **Name:** MACKINAC HOLDINGS, INC.
- **Address:** 74 W LONG LAKE RD SUITE 205, BLOOMFIELD HILLS, MI, 48304-2769
- **NAICS:** 531120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $703K
- **Initial approval:** $703K
- **Forgiven:** $707K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $703K
- **Jobs reported:** 35
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*