# PPP loan: METRO DETROIT FRANCHISE CORP
> **$173K** approved 04/09/2020 · Paid in Full · Loan `9472797007`
## Borrower
- **Name:** METRO DETROIT FRANCHISE CORP
- **Address:** 3714 HOGAN CIR, ROCHESTER, MI, 48307-5092
- **NAICS:** 812199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $139K
- **Rent:** $28K
- **Utilities:** $7K
- **Jobs reported:** 85
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*