# PPP loan: THARP GRAND TRUNK, INC.
> **$368K** approved 02/05/2021 · Exemption 4 · Loan `3836238407`
## Borrower
- **Name:** THARP GRAND TRUNK, INC.
- **Address:** 612 Woodward Ave, Detroit, MI, 48226-3450
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $135K (37%)
- **Forgiveness date:** 06/22/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $368K
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*