# PPP loan: MICHIGAN SOFTWARE LABS LLC
> **$383K** approved 04/07/2020 · Exemption 4 · Loan `6626777001`
## Borrower
- **Name:** MICHIGAN SOFTWARE LABS LLC
- **Address:** 452 Ada Drive SE Suite 300, Ada, MI, 49301-9105
- **NAICS:** 518210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $383K
- **Initial approval:** $383K
- **Forgiven:** $344K (90%)
- **Forgiveness date:** 03/07/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $383K
- **Jobs reported:** 26
## Lender
- **Originating:** Lake Michigan CU
- **Servicing:** Lake Michigan CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*