# PPP loan: AMERINET OF MICHIGAN, INC.
> **$372K** approved 05/01/2020 · Paid in Full · Loan `5060057700`
## Borrower
- **Name:** AMERINET OF MICHIGAN, INC.
- **Address:** 1241 S MAPLE RD, ANN ARBOR, MI, 48103-4433
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $379K (102%)
- **Forgiveness date:** 04/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*