# PPP loan: MICHIGAN CITY PAPER BOX COMPANY
> **$623K** approved 04/05/2020 · Paid in Full · Loan `5387757003`
## Borrower
- **Name:** MICHIGAN CITY PAPER BOX COMPANY
- **Address:** 1206 Pine Street, MICHIGAN CITY, IN, 46360-3732
- **NAICS:** 322219
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $623K
- **Initial approval:** $623K
- **Forgiven:** $629K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $498K
- **Rent:** $43K
- **Utilities:** $36K
- **Health care:** $47K
- **Jobs reported:** 74
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*