# PPP loan: MICHELSONS SHOES INC
> **$186K** approved 01/25/2021 · Paid in Full · Loan `5484458310`
## Borrower
- **Name:** MICHELSONS SHOES INC
- **Address:** 1780 Massachusetts Ave, Lexington, MA, 02420-5302
- **NAICS:** 424340
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $186K
- **Initial approval:** $186K
- **Forgiven:** $188K (101%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $186K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Brookline Bank
- **Servicing:** Brookline Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*