# PPP loan: AVALON HEALING CENTER
> **$393K** approved 04/27/2020 · Exemption 4 · Loan `5076537206`
## Borrower
- **Name:** AVALON HEALING CENTER
- **Address:** 2727 2nd Ave Suite 300, Detroit, MI, 48201-2680
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $393K
- **Initial approval:** $393K
- **Forgiven:** $272K (69%)
- **Forgiveness date:** 09/22/2021
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $393K
- **Jobs reported:** 25
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*