# PPP loan: NAI THE MICHAEL COMPANIES INC
> **$603K** approved 04/15/2020 · Paid in Full · Loan `8586157105`
## Borrower
- **Name:** NAI THE MICHAEL COMPANIES INC
- **Address:** 10100 Business Parkway, Lanham, MD, 20706
- **NAICS:** 531312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $603K
- **Initial approval:** $603K
- **Forgiven:** $609K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $547K
- **Rent:** $18K
- **Utilities:** $6K
- **Health care:** $32K
- **Jobs reported:** 37
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*