# PPP loan: MICHIGAN EDUCATION ASSOCIATION - NEA
> **$6.42M** approved 04/29/2020 · Paid in Full · Loan `2829627309`
## Borrower
- **Name:** MICHIGAN EDUCATION ASSOCIATION - NEA
- **Address:** 1216 KENDALE BLVD., EAST LANSING, MI, 48826-2573
- **NAICS:** 813930
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.42M
- **Initial approval:** $6.42M
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.14M
- **Mortgage interest:** $1.28M
- **Jobs reported:** 285
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*