# PPP loan: MICHIGAN ALUMINUM CORPORATION
> **$295K** approved 04/10/2020 · Paid in Full · Loan `2087937101`
## Borrower
- **Name:** MICHIGAN ALUMINUM CORPORATION
- **Address:** 3151 10TH ST PO Box 402, WAYLAND, MI, 49348-9537
- **NAICS:** 331313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Rent:** $43K
- **Utilities:** $10K
- **Health care:** $509
- **Jobs reported:** 26
## Lender
- **Originating:** United Bank of Michigan
- **Servicing:** United Bank of Michigan (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*