# PPP loan: SEVI, INC. DBA MAACO COLLISON REPAIR
> **$174K** approved 05/01/2020 · Paid in Full · Loan `2972347703`
## Borrower
- **Name:** SEVI, INC. DBA MAACO COLLISON REPAIR
- **Address:** 10669 NORTHEND, FERNDALE, MI, 48220
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $30K
- **Mortgage interest:** $6K
- **Utilities:** $10K
- **Health care:** $8K
- **Jobs reported:** 140
## 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*