# PPP loan: CENTRAL MICHIGAN INNS INC.
> **$585K** approved 01/20/2021 · Paid in Full · Loan `2305928300`
## Borrower
- **Name:** CENTRAL MICHIGAN INNS INC.
- **Address:** 2187 University Park Dr, Okemos, MI, 48864-3975
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $585K
- **Initial approval:** $585K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $585K
- **Utilities:** $1
- **Jobs reported:** 107
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*