# PPP loan: MERCHANT AUTOMATIC PRODUCTS COMPANY
> **$660K** approved 05/01/2020 · Paid in Full · Loan `7502437704`
## Borrower
- **Name:** MERCHANT AUTOMATIC PRODUCTS COMPANY
- **Address:** 5740 BECK RD S, CANTON, MI, 48188
- **NAICS:** 332722
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $660K
- **Initial approval:** $660K
- **Forgiven:** $667K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $660K
- **Jobs reported:** 51
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*