# PPP loan: MICHIGAN RECOVERY SERVICES INC.
> **$384K** approved 04/13/2020 · Paid in Full · Loan `4794477103`
## Borrower
- **Name:** MICHIGAN RECOVERY SERVICES INC.
- **Address:** 3164 FREEWAY LN, SAGINAW, MI, 48601-6019
- **NAICS:** 561491
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $384K
- **Initial approval:** $384K
- **Forgiven:** $387K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $348K
- **Rent:** $23K
- **Mortgage interest:** $5K
- **Utilities:** $4K
- **Debt interest:** $3K
- **Jobs reported:** 52
## 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*