# PPP loan: MICHIGAN SCIENTIFIC CORPORATION
> **$1.66M** approved 04/07/2020 · Paid in Full · Loan `7298497005`
## Borrower
- **Name:** MICHIGAN SCIENTIFIC CORPORATION
- **Address:** 730 BELLEVUE, MILFORD, MI, 48381-2209
- **NAICS:** 334513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.67M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Rent:** $60K
- **Utilities:** $26K
- **Health care:** $100K
- **Jobs reported:** 118
## Lender
- **Originating:** Charlevoix State Bank
- **Servicing:** Charlevoix State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*