# PPP loan: MI PRIME LOGISTICS LLC
> **$665K** approved 05/01/2020 · Paid in Full · Loan `2536417704`
## Borrower
- **Name:** MI PRIME LOGISTICS LLC
- **Address:** 6670 BROOKSIDE WOODS CT SE, ADA, MI, 49301
- **NAICS:** —
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $665K
- **Initial approval:** $665K
- **Forgiven:** $674K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $563K
- **Rent:** $19K
- **Utilities:** $12K
- **Health care:** $72K
- **Jobs reported:** 97
## 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*