# PPP loan: THE CHELSEA HEALTH AND WELLNESS FOUNDATION
> **$541K** approved 04/13/2020 · Paid in Full · Loan `4542667105`
## Borrower
- **Name:** THE CHELSEA HEALTH AND WELLNESS FOUNDATION
- **Address:** 14800 OLD US HIGHWAY 12, CHELSEA, MI, 48118-2110
- **NAICS:** 713940
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $541K
- **Initial approval:** $541K
- **Forgiven:** $546K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $406K
- **Utilities:** $135K
- **Jobs reported:** 65
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*