# PPP loan: FLORENCE CEMENT COMPANY
> **$3.33M** approved 04/29/2020 · Paid in Full · Loan `2798067303`
## Borrower
- **Name:** FLORENCE CEMENT COMPANY
- **Address:** 51515 CORRIDOR DR, UTICA, MI, 48315-3146
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.33M
- **Initial approval:** $3.33M
- **Forgiven:** $3.37M (101%)
- **Forgiveness date:** 07/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.66M
- **Rent:** $665K
- **Jobs reported:** 137
## 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*