# PPP loan: DUFRENE MACHINERY ESOP
> **$459K** approved 01/16/2021 · Paid in Full · Loan `1051288303`
## Borrower
- **Name:** DUFRENE MACHINERY ESOP
- **Address:** 209 W South St, Ithaca, MI, 48847-1753
- **NAICS:** 811310
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $459K
- **Initial approval:** $459K
- **Forgiven:** $464K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $459K
- **Jobs reported:** 23
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*