# PPP loan: MICHIGAN CHRISTIAN HOME
> **$1.35M** approved 04/07/2020 · Paid in Full · Loan `7498097008`
## Borrower
- **Name:** MICHIGAN CHRISTIAN HOME
- **Address:** 1845 Boston St SE, GRAND RAPIDS, MI, 49506-4400
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Utilities:** $154K
- **Jobs reported:** 230
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*