# PPP loan: COLONIAL ENGINEERING, INC.
> **$315K** approved 04/30/2020 · Paid in Full · Loan `5294277307`
## Borrower
- **Name:** COLONIAL ENGINEERING, INC.
- **Address:** 6400 Corporate Avenue, Portage, MI, 49002-9399
- **NAICS:** 326199
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $315K
- **Initial approval:** $315K
- **Forgiven:** $317K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Mortgage interest:** $63K
- **Jobs reported:** 38
## 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*