# PPP loan: AALBORZ CHEMICAL LLC
> **$581K** approved 04/27/2020 · Paid in Full · Loan `5790967203`
## Borrower
- **Name:** AALBORZ CHEMICAL LLC
- **Address:** 2240 29th Street SE, Grand Rapids, MI, 49508-1560
- **NAICS:** 424690
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $581K
- **Initial approval:** $581K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $464K
- **Mortgage interest:** $116K
- **Jobs reported:** 47
## 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*