# PPP loan: PAYNE LANDSCAPING, INC.
> **$561K** approved 04/29/2020 · Paid in Full · Loan `2681937300`
## Borrower
- **Name:** PAYNE LANDSCAPING, INC.
- **Address:** 7635 E DAVISON ST, HAMTRAMCK, MI, 48212-1922
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $561K
- **Initial approval:** $561K
- **Forgiven:** $568K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $449K
- **Mortgage interest:** $112K
- **Jobs reported:** 99
## 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*