# PPP loan: SYNOD RESIDENTIAL SERVICES
> **$950K** approved 04/27/2020 · Paid in Full · Loan `5060027201`
## Borrower
- **Name:** SYNOD RESIDENTIAL SERVICES
- **Address:** 615 S Mansfield St, Ypsilanti, MI, 48197-5156
- **NAICS:** 623220
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $950K
- **Initial approval:** $950K
- **Forgiven:** $956K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $760K
- **Mortgage interest:** $190K
- **Jobs reported:** 130
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*