# PPP loan: LORMAX STERN DEVELOPMENT COMPANY LLC
> **$461K** approved 04/09/2020 · Paid in Full · Loan `9282917005`
## Borrower
- **Name:** LORMAX STERN DEVELOPMENT COMPANY LLC
- **Address:** 38500 Woodward Ave Suite 200, Bloomfield Hills, MI, 48304-5000
- **NAICS:** 531120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $461K
- **Initial approval:** $461K
- **Forgiven:** $463K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $461K
- **Jobs reported:** 31
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*