# PPP loan: MICHAELS & ASSOCIATES INC.
> **$540K** approved 02/26/2021 · Paid in Full · Loan `4834868507`
## Borrower
- **Name:** MICHAELS & ASSOCIATES INC.
- **Address:** 5470 Executive Pkwy SE, Grand Rapids, MI, 49512-5510
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $540K
- **Initial approval:** $540K
- **Forgiven:** $543K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $540K
- **Jobs reported:** 44
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*