# PPP loan: R.L. DEPPMANN COMPANY
> **$1.41M** approved 04/28/2020 · Paid in Full · Loan `1753937306`
## Borrower
- **Name:** R.L. DEPPMANN COMPANY
- **Address:** 46575 MAGELLAN DR, NOVI, MI, 48377-2452
- **NAICS:** 423720
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.13M
- **Mortgage interest:** $282K
- **Jobs reported:** 66
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*