# PPP loan: DANBOISE MECHANICAL INC
> **$1.31M** approved 04/07/2020 · Paid in Full · Loan `7423957001`
## Borrower
- **Name:** DANBOISE MECHANICAL INC
- **Address:** 31625 GRAND RIVER AVE, FARMINGTON, MI, 48336-4235
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $941K
- **Forgiven:** $951K (72%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.31M
- **Jobs reported:** 36
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*