# PPP loan: DONNELLY PENMAN & PARTNERS
> **$324K** approved 04/14/2020 · Paid in Full · Loan `5888757110`
## Borrower
- **Name:** DONNELLY PENMAN & PARTNERS
- **Address:** 17160 Kercheval Avenue, GROSSE POINTE, MI, 48230-1661
- **NAICS:** 523110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Rent:** $22K
- **Utilities:** $2K
- **Jobs reported:** 14
## Lender
- **Originating:** Mi Bank
- **Servicing:** Mi Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*