# PPP loan: ALBRECH AUCTION SERVICE, LLC
> **$241K** approved 04/29/2020 · Paid in Full · Loan `3517337300`
## Borrower
- **Name:** ALBRECH AUCTION SERVICE, LLC
- **Address:** 875 STATE RD P.O. Box 50, VASSAR, MI, 48768-9116
- **NAICS:** 561990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $192K
- **Rent:** $20K
- **Utilities:** $20K
- **Health care:** $9K
- **Jobs reported:** 34
## Lender
- **Originating:** Frankenmuth CU
- **Servicing:** Frankenmuth CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*