# PPP loan: INDUSTRIAL ELECTRIC CO. OF DETROIT, INC.
> **$1.27M** approved 04/29/2020 · Paid in Full · Loan `3834147306`
## Borrower
- **Name:** INDUSTRIAL ELECTRIC CO. OF DETROIT, INC.
- **Address:** 275 E. Milwaukee, Detroit, MI, 48202
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.30M (102%)
- **Forgiveness date:** 05/23/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Jobs reported:** 53
## 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*