# PPP loan: DOUGLAS CORPORATION OF MICHIGAN
> **$5.78M** approved 04/05/2020 · Paid in Full · Loan `5272917003`
## Borrower
- **Name:** DOUGLAS CORPORATION OF MICHIGAN
- **Address:** PO BOX 128, SALINE, MI, 48176-0128
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.78M
- **Initial approval:** $5.78M
- **Forgiven:** $5.31M (92%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.34M
- **Rent:** $482K
- **Mortgage interest:** $482K
- **Utilities:** $482K
- **Jobs reported:** 14
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*