# PPP loan: CHAIR COVERS & LINENS, INC.
> **$452K** approved 04/09/2020 · Charged Off · Loan `8931797002`
## Borrower
- **Name:** CHAIR COVERS & LINENS, INC.
- **Address:** 25914 JOHN R RD, MADISON HEIGHTS, MI, 48071-4022
- **NAICS:** 812331
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Forgiven:** $405K (90%)
- **Forgiveness date:** 09/27/2021
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $452K
- **Jobs reported:** 70
## Lender
- **Originating:** Oxford Bank
- **Servicing:** Oxford Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*