# PPP loan: DUFRENE MACHINERY INC
> **$459K** approved 04/10/2020 · Paid in Full · Loan `2027747101`
## Borrower
- **Name:** DUFRENE MACHINERY INC
- **Address:** 209 W SOUTH ST, ITHACA, MI, 48847-1753
- **NAICS:** 811310
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $459K
- **Initial approval:** $459K
- **Forgiven:** $463K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $403K
- **Rent:** $10K
- **Utilities:** $5K
- **Health care:** $42K
- **Jobs reported:** 24
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*