# PPP loan: GLOBAL PAYROLL INC.
> **$1.70M** approved 03/31/2021 · Paid in Full · Loan `3240078700`
## Borrower
- **Name:** GLOBAL PAYROLL INC.
- **Address:** 32600 Stephenson Hwy, Madison Heights, MI, 48071-5500
- **NAICS:** 561330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Forgiven:** $1.71M (101%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.70M
- **Jobs reported:** 243
## 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*