# PPP loan: DANFORTH INDUSTRIES INC
> **$531K** approved 04/11/2020 · Paid in Full · Loan `2952377105`
## Borrower
- **Name:** DANFORTH INDUSTRIES INC
- **Address:** 33533 Mound Rd, STERLING HEIGHTS, MI, 48310-6527
- **NAICS:** 236118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $531K
- **Initial approval:** $531K
- **Forgiven:** $537K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $531K
- **Jobs reported:** 70
## 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*