# PPP loan: SAFETY NET INC.
> **$446K** approved 04/07/2020 · Paid in Full · Loan `7263597000`
## Borrower
- **Name:** SAFETY NET INC.
- **Address:** 1771 PARK DR, TRAVERSE CITY, MI, 49686-4703
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $446K
- **Initial approval:** $446K
- **Forgiven:** $450K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Rent:** $16K
- **Utilities:** $2K
- **Health care:** $42K
- **Debt interest:** $679
- **Jobs reported:** 34
## Lender
- **Originating:** Honor Bank
- **Servicing:** Honor Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*