# PPP loan: SPEEDSHELF SYSTEMS INC
> **$197K** approved 02/02/2021 · Paid in Full · Loan `1881258402`
## Borrower
- **Name:** SPEEDSHELF SYSTEMS INC
- **Address:** 21341 Hilltop St, Southfield, MI, 48033-4064
- **NAICS:** 454390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $197K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*