# PPP loan: DETROIT RINGO KAI
> **$283K** approved 06/11/2020 · Paid in Full · Loan `2347517907`
## Borrower
- **Name:** DETROIT RINGO KAI
- **Address:** 25345 TAFT RD, NOVI, MI, 48374-2423
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $285K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $226K
- **Mortgage interest:** $57K
- **Jobs reported:** 132
## 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*