# PPP loan: DETROIT OPTICAL CO.
> **$180K** approved 04/28/2020 · Paid in Full · Loan `1467127309`
## Borrower
- **Name:** DETROIT OPTICAL CO.
- **Address:** 32987 Woodward Avenue, ROYAL OAK, MI, 48073-0958
- **NAICS:** 446130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $181K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $155K
- **Mortgage interest:** $21K
- **Utilities:** $4K
- **Jobs reported:** 18
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*