# PPP loan: DANFORTH INDUSTRIES INC.
> **$556K** approved 02/10/2021 · Paid in Full · Loan `6341278410`
## Borrower
- **Name:** DANFORTH INDUSTRIES INC.
- **Address:** 33533 Mound Rd, Sterling Heights, MI, 48310-6527
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $556K
- **Initial approval:** $556K
- **Forgiven:** $561K (101%)
- **Forgiveness date:** 02/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $556K
- **Utilities:** $1
- **Jobs reported:** 75
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*