# PPP loan: DETECTION SYSTEMS & ENGINEERING CO
> **$264K** approved 04/28/2020 · Paid in Full · Loan `7246997207`
## Borrower
- **Name:** DETECTION SYSTEMS & ENGINEERING CO
- **Address:** 1450 Temple City Drive, TROY, MI, 48084
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Rent:** $5K
- **Utilities:** $1K
- **Jobs reported:** 18
## Lender
- **Originating:** University Bank
- **Servicing:** University Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*