# PPP loan: MARTIN AND SNYDER PRODUCT SALES CO.
> **$275K** approved 04/29/2020 · Paid in Full · Loan `2701187309`
## Borrower
- **Name:** MARTIN AND SNYDER PRODUCT SALES CO.
- **Address:** 8880 Hubbell, Detroit, MI, 48228-2331
- **NAICS:** 424940
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Mortgage interest:** $55K
- **Jobs reported:** 41
## 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*