# PPP loan: DETROIT HOIST & CRANE CO LLC
> **$649K** approved 05/01/2020 · Paid in Full · Loan `5050037701`
## Borrower
- **Name:** DETROIT HOIST & CRANE CO LLC
- **Address:** 6650 Sterling Dr N, Sterling Heights, MI, 48312
- **NAICS:** 333923
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $649K
- **Initial approval:** $649K
- **Forgiven:** $654K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $649K
- **Jobs reported:** 44
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*