# PPP loan: INDIVIDUAL BENEFITS COMPANY
> **$463K** approved 04/13/2020 · Paid in Full · Loan `4946887108`
## Borrower
- **Name:** INDIVIDUAL BENEFITS COMPANY
- **Address:** 45 E Milwaukee Street, DETROIT, MI, 48202-3231
- **NAICS:** 524114
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $463K
- **Initial approval:** $463K
- **Forgiven:** $469K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Rent:** $52K
- **Utilities:** $15K
- **Jobs reported:** 40
## Lender
- **Originating:** Mi Bank
- **Servicing:** Mi Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*