# PPP loan: ANCHOR WIPING CLOTH, INC.
> **$527K** approved 04/30/2020 · Paid in Full · Loan `4800867306`
## Borrower
- **Name:** ANCHOR WIPING CLOTH, INC.
- **Address:** 3855 East Outer Drive, Detroit, MI, 48234-2936
- **NAICS:** 314120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $527K
- **Initial approval:** $527K
- **Forgiven:** $534K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $422K
- **Mortgage interest:** $105K
- **Jobs reported:** 64
## 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*