# PPP loan: REO HYDRAULICS & MFG INC.
> **$268K** approved 04/29/2020 · Paid in Full · Loan `2962147306`
## Borrower
- **Name:** REO HYDRAULICS & MFG INC.
- **Address:** 18475 SHERWOOD ST, DETROIT, MI, 48234-2832
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 12/14/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Mortgage interest:** $54K
- **Jobs reported:** 17
## 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*