# PPP loan: FERRANTE MANUFACTURING COMPANY
> **$527K** approved 02/19/2021 · Paid in Full · Loan `1950328502`
## Borrower
- **Name:** FERRANTE MANUFACTURING COMPANY
- **Address:** 6626 Gratiot Ave, Detroit, MI, 48207-1912
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $527K
- **Initial approval:** $527K
- **Forgiven:** $536K (102%)
- **Forgiveness date:** 09/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $527K
- **Jobs reported:** 31
## Lender
- **Originating:** Opportunity Resource Fund
- **Servicing:** Opportunity Resource Fund (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*