# PPP loan: DEMAICH INDUSTRIES INC
> **$157K** approved 04/27/2020 · Paid in Full · Loan `5466237205`
## Borrower
- **Name:** DEMAICH INDUSTRIES INC
- **Address:** 70 MILL ST, JOHNSTON, RI, 02919-6251
- **NAICS:** 332116
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 16
## Lender
- **Originating:** Bank Rhode Island
- **Servicing:** Bank Rhode Island (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*