# PPP loan: MICHEL'S INC.
> **$1.14M** approved 05/01/2020 · Exemption 4 · Loan `7556297705`
## Borrower
- **Name:** MICHEL'S INC.
- **Address:** 18900 MICHIGAN AVE, DEARBORN, MI, 48126-3924
- **NAICS:** 448310
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $590K (52%)
- **Forgiveness date:** 08/26/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.14M
- **Jobs reported:** 75
## Lender
- **Originating:** PNC Bank, National Association
- **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*