# PPP loan: WALTONEN ENGINEERING, INC.
> **$1.66M** approved 04/29/2020 · Paid in Full · Loan `2829917302`
## Borrower
- **Name:** WALTONEN ENGINEERING, INC.
- **Address:** 31330 Mound Road, Warren, MI, 48092-1654
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.67M (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.33M
- **Mortgage interest:** $332K
- **Jobs reported:** 102
## 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*