# PPP loan: GREAT LAKES POWER & EQUIPMENT INC.
> **$286K** approved 05/13/2020 · Paid in Full · Loan `6092867401`
## Borrower
- **Name:** GREAT LAKES POWER & EQUIPMENT INC.
- **Address:** 13506 Helen St, Detroit, MI, 48212
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $290K (102%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Jobs reported:** 37
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Cross River Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*