# PPP loan: ASHLEY'S RESTAURANTS, LTD.
> **$175K** approved 07/24/2020 · Paid in Full · Loan `7793358100`
## Borrower
- **Name:** ASHLEY'S RESTAURANTS, LTD.
- **Address:** 338 S. State, ANN ARBOR, MI, 48104-2412
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $141K
- **Rent:** $25K
- **Mortgage interest:** $2K
- **Utilities:** $6K
- **Jobs reported:** 1
## Lender
- **Originating:** University Bank
- **Servicing:** University Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*