# PPP loan: BINSFELD ENGINEERING INC
> **$199K** approved 05/01/2020 · Paid in Full · Loan `2195377706`
## Borrower
- **Name:** BINSFELD ENGINEERING INC
- **Address:** 4571 W MACFARLANE RD, MAPLE CITY, MI, 49664
- **NAICS:** 334513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Rent:** $15K
- **Utilities:** $2K
- **Health care:** $14K
- **Debt interest:** $760
- **Jobs reported:** 10
## 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*