# PPP loan: MICHIGAN BRAND, INC.
> **$1.23M** approved 04/07/2020 · Paid in Full · Loan `6783187005`
## Borrower
- **Name:** MICHIGAN BRAND, INC.
- **Address:** 320 HEINLEIN STRASSE, FRANKENMUTH, MI, 48734-1940
- **NAICS:** 311999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.25M (102%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Rent:** $78K
- **Utilities:** $72K
- **Debt interest:** $10K
- **Jobs reported:** 239
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*