# PPP loan: SOMA ENTERPRISES LLC
> **$277K** approved 04/05/2020 · Paid in Full · Loan `5559987010`
## Borrower
- **Name:** SOMA ENTERPRISES LLC
- **Address:** 4705 OLD ORCHARD TRL, ORCHARD LAKE, MI, 48324-3048
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $277K
- **Initial approval:** $277K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Rent:** $16K
- **Mortgage interest:** $7K
- **Utilities:** $9K
- **Jobs reported:** 90
## Lender
- **Originating:** Eastern Michigan Bank
- **Servicing:** Eastern Michigan Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*