# PPP loan: MICHIGAN TRANSPORTATION SERV INC
> **$284K** approved 04/15/2020 · Charged Off · Loan `9437727100`
## Borrower
- **Name:** MICHIGAN TRANSPORTATION SERV INC
- **Address:** PO BOX 1118, Novi, MI, 48376
- **NAICS:** 485991
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $284K
- **Initial approval:** $284K
- **Forgiven:** $255K (90%)
- **Forgiveness date:** 09/16/2021
- **Status:** Charged Off
- **Term:** 19 months
## Use of funds
- **Payroll:** $284K
- **Jobs reported:** 29
## 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*