# PPP loan: FMREPS DISTRIBUTION INC
> **$507K** approved 02/13/2021 · Paid in Full · Loan `8576138407`
## Borrower
- **Name:** FMREPS DISTRIBUTION INC
- **Address:** 40701 Woodward Ave 40701 Woodward Ave, Bloomfield Hills, MI, 48304-5076
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $507K
- **Initial approval:** $507K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 10/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $507K
- **Utilities:** $1
- **Jobs reported:** 28
## 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*