# PPP loan: MANAGEDWAY COMPANY
> **$305K** approved 04/11/2020 · Paid in Full · Loan `3209967103`
## Borrower
- **Name:** MANAGEDWAY COMPANY
- **Address:** 600 Executive Dr. 0.0, Troy, MI, 48083-4537
- **NAICS:** 517919
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $305K
- **Initial approval:** $305K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Rent:** $26K
- **Mortgage interest:** $20K
- **Utilities:** $30K
- **Jobs reported:** 24
## 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*