# PPP loan: SPEEDWRENCH INC
> **$2.28M** approved 04/11/2020 · Exemption 4 · Loan `2737137100`
## Borrower
- **Name:** SPEEDWRENCH INC
- **Address:** 3364 Quincy St, HUDSONVILLE, MI, 49426-7834
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.28M
- **Initial approval:** $2.28M
- **Forgiven:** $2.13M (93%)
- **Forgiveness date:** 05/28/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $2.28M
- **Jobs reported:** 172
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*