# PPP loan: BACKER SERVICES, INC.
> **$1.64M** approved 04/08/2020 · Paid in Full · Loan `8346797001`
## Borrower
- **Name:** BACKER SERVICES, INC.
- **Address:** 12 MILE RD, ROSEVILLE, MI, 48066-1838
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.66M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.31M
- **Mortgage interest:** $328K
- **Jobs reported:** 26
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*