# PPP loan: SMITH FURNITURE CO. OF YPSI
> **$225K** approved 04/28/2020 · Paid in Full · Loan `6736237200`
## Borrower
- **Name:** SMITH FURNITURE CO. OF YPSI
- **Address:** 3900 South State St, Ann Arbor, MI, 48108-1661
- **NAICS:** 442110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Jobs reported:** 26
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*