# PPP loan: MCDOWELL AND ASSOCIATES, INC.
> **$741K** approved 04/29/2020 · Paid in Full · Loan `2716867304`
## Borrower
- **Name:** MCDOWELL AND ASSOCIATES, INC.
- **Address:** 21355 Hatcher Avenue, Ferndale, MI, 48220-2135
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $741K
- **Initial approval:** $741K
- **Forgiven:** $746K (101%)
- **Forgiveness date:** 01/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $593K
- **Mortgage interest:** $148K
- **Jobs reported:** 51
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*