# PPP loan: SAGINAW UNDERWRITERS, INC.
> **$898K** approved 04/03/2020 · Paid in Full · Loan `4382777005`
## Borrower
- **Name:** SAGINAW UNDERWRITERS, INC.
- **Address:** 1258 S. Washington Ave., SAGINAW, MI, 48601-2509
- **NAICS:** 524210
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $898K
- **Initial approval:** $898K
- **Forgiven:** $905K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $765K
- **Rent:** $58K
- **Utilities:** $27K
- **Health care:** $43K
- **Debt interest:** $5K
- **Jobs reported:** 56
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*