# PPP loan: MICHEL & ASSOCIATES, PC
> **$504K** approved 05/01/2020 · Charged Off · Loan `3874427704`
## Borrower
- **Name:** MICHEL & ASSOCIATES, PC
- **Address:** 180 E OCEAN BLVD STE 200, LONG BEACH, CA, 90802
- **NAICS:** 541110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $504K
- **Initial approval:** $504K
- **Forgiven:** $364K (72%)
- **Forgiveness date:** 01/20/2023
- **Status:** Charged Off
- **Term:** 10 months
## Use of funds
- **Payroll:** $504K
- **Jobs reported:** 21
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*