# PPP loan: MICHAELS MANAGEMENT- AFFORDABLE LLC
> **$2.54M** approved 04/28/2020 · Paid in Full · Loan `7117947207`
## Borrower
- **Name:** MICHAELS MANAGEMENT- AFFORDABLE LLC
- **Address:** 2 Cooper Street 14th Floor, Camden, NJ, 08102
- **NAICS:** 531110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.54M
- **Initial approval:** $2.54M
- **Forgiven:** $2.58M (102%)
- **Forgiveness date:** 11/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.28M
- **Health care:** $261K
- **Jobs reported:** 161
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*