# PPP loan: MEGAN TORRANCE INC.
> **$176K** approved 05/07/2021 · Paid in Full · Loan `7330308906`
## Borrower
- **Name:** MEGAN TORRANCE INC.
- **Address:** 311 Weiser Way, Chelsea, MI, 48118-1627
- **NAICS:** 611430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $176K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Bank of Ann Arbor
- **Servicing:** Bank of Ann Arbor (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*