# PPP loan: MEADOWBROOK ACRES, INC.
> **$350K** approved 05/01/2020 · Paid in Full · Loan `3075347708`
## Borrower
- **Name:** MEADOWBROOK ACRES, INC.
- **Address:** 8015 PARK PL, BRIGHTON, MI, 48116
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $354K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $332K
- **Mortgage interest:** $8K
- **Utilities:** $2K
- **Debt interest:** $9K
- **Jobs reported:** 300
## 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*