# PPP loan: COLONIAL PLASTICS, INC.
> **$699K** approved 04/13/2020 · Paid in Full · Loan `4936047110`
## Borrower
- **Name:** COLONIAL PLASTICS, INC.
- **Address:** 51734 Filomena Dr, Shelby Township, MI, 48315-2948
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $699K
- **Initial approval:** $740K
- **Forgiven:** $708K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $699K
- **Jobs reported:** 65
## Lender
- **Originating:** West Town Bank & Trust
- **Servicing:** West Town Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*