# PPP loan: MICHIGAN STEEL FINISHING CO.
> **$241K** approved 04/15/2020 · Paid in Full · Loan `8143537102`
## Borrower
- **Name:** MICHIGAN STEEL FINISHING CO.
- **Address:** 12850 MANSFIELD, DETROIT, MI, 48227
- **NAICS:** 332722
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Mortgage interest:** $80
- **Utilities:** $7K
- **Health care:** $29K
- **Debt interest:** $3K
- **Jobs reported:** 15
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*