# PPP loan: BMG OF IMLAY CITY, INC
> **$192K** approved 04/11/2020 · Paid in Full · Loan `3476307109`
## Borrower
- **Name:** BMG OF IMLAY CITY, INC
- **Address:** 3300 LONE PINE RD, WEST BLOOMFIELD, MI, 48323-3324
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $192K
- **Initial approval:** $192K
- **Forgiven:** $194K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $142K
- **Rent:** $39K
- **Utilities:** $11K
- **Jobs reported:** 46
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*