# PPP loan: MICHAEL I. SILVERMAN P.A.
> **$341K** approved 02/06/2021 · Charged Off · Loan `4574208402`
## Borrower
- **Name:** MICHAEL I. SILVERMAN P.A.
- **Address:** 1010 N Bancroft Pkwy, Wilmington, DE, 19805-2690
- **NAICS:** 541110
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $325K (95%)
- **Forgiveness date:** 07/25/2023
- **Status:** Charged Off
- **Term:** 25 months
## Use of funds
- **Payroll:** $341K
- **Jobs reported:** 18
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*