# PPP loan: MAXITROL COMPANY
> **$2.25M** approved 04/10/2020 · Paid in Full · Loan `1831497105`
## Borrower
- **Name:** MAXITROL COMPANY
- **Address:** 23555 Telegraph Road 0.0, Southfield, MI, 48033-4129
- **NAICS:** 335314
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.25M
- **Initial approval:** $2.25M
- **Forgiven:** $2.28M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.16M
- **Rent:** $19K
- **Utilities:** $69K
- **Jobs reported:** 248
## 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*