# PPP loan: BURROUGHS INC
> **$9.19M** approved 04/13/2020 · Paid in Full · Loan `5198537106`
## Borrower
- **Name:** BURROUGHS INC
- **Address:** 38505 COUNTRY CLUB DR, FARMINGTON HILLS, MI, 48331-3403
- **NAICS:** 811211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $9.19M
- **Initial approval:** $9.19M
- **Forgiven:** $9.29M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $9.19M
- **Jobs reported:** 250
## Lender
- **Originating:** The State Bank
- **Servicing:** The State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*