# PPP loan: MICHAEL'S BAKERY PRODUCTS,LLC
> **$856K** approved 04/09/2020 · Paid in Full · Loan `8964397007`
## Borrower
- **Name:** MICHAEL'S BAKERY PRODUCTS,LLC
- **Address:** 2205 6TH AVE S, CLEAR LAKE, IA, 50428-2644
- **NAICS:** 311812
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $856K
- **Initial approval:** $856K
- **Forgiven:** $861K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Rent:** $45K
- **Utilities:** $30K
- **Health care:** $81K
- **Jobs reported:** 85
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*