# PPP loan: DETROIT RENEWABLE ENERGY LLC
> **$334K** approved 05/01/2020 · Paid in Full · Loan `1266307809`
## Borrower
- **Name:** DETROIT RENEWABLE ENERGY LLC
- **Address:** 541 Madison Ave, Detroit, MI, 48226-2356
- **NAICS:** 335311
- **Business type:** —
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $334K
- **Initial approval:** $334K
- **Forgiven:** $340K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $334K
- **Jobs reported:** 16
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*