# PPP loan: NEPHROLOGY ASSOCIATES OF MICHIGAN PC
> **$1.31M** approved 05/01/2020 · Paid in Full · Loan `2395827704`
## Borrower
- **Name:** NEPHROLOGY ASSOCIATES OF MICHIGAN PC
- **Address:** 5333 MCAULEY DR STE R-4003, YPSILANTI, MI, 48197
- **NAICS:** 621111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Rent:** $30K
- **Utilities:** $7K
- **Health care:** $72K
- **Jobs reported:** 40
## 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*