# PPP loan: M. C. GUTHRIE LUMBER CO.
> **$1.22M** approved 04/27/2020 · Paid in Full · Loan `5787837209`
## Borrower
- **Name:** M. C. GUTHRIE LUMBER CO.
- **Address:** 12152 Merriman Rd., Livonia, MI, 48150-1914
- **NAICS:** 423310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $980K
- **Mortgage interest:** $245K
- **Jobs reported:** 89
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*