# PPP loan: MERCHANTS & MEDICAL CREDIT CORPORATION, INC.
> **$891K** approved 05/01/2020 · Paid in Full · Loan `2307447709`
## Borrower
- **Name:** MERCHANTS & MEDICAL CREDIT CORPORATION, INC.
- **Address:** 6324 TAYLOR DR, FLINT, MI, 48507
- **NAICS:** 561440
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $891K
- **Initial approval:** $891K
- **Forgiven:** $898K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $828K
- **Rent:** $26K
- **Utilities:** $3K
- **Health care:** $33K
- **Jobs reported:** 87
## 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*